Quote:
Originally posted by ltl/fb
Yes, well, work on the greater evil first -- bloated executive pensions dragging down companies.
In a more serious answer, the cut in pay I took going in house was, at least to me, partially offset by a fairly generous match that is 100% vested immediately, and a non-stingy pension. I'm pretty sure, absent some major changes on the planet (which, based on the bombings this morning, are not imminent in the least), that if they were to freeze the pension they would increase the match so as to make up for it.
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Oh God. Exec pensions are insane. The problem I see with pensions is not directly economic, but subtle. They tend to create swaths of middle management in large orgs/govt who just phone in work for the last decade winding toward their retirement package. They're standing around for the last years of their careers like Randall Tex Cobb at the end of the Holmes fight, just waiting it out... Thats fucked up. Those people should be eviscerated from the work force. All they do is steal cash from the mouths of people below them. The problem is the inverse pyramid in corporate life. From the midddle up its a mess of pigs at a traugh, and not enough accountability.
