Quote:
Originally posted by sebastian_dangerfield
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.
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How does a pension cause that, rather than just salary? If someone can get away with doing the minimum because s/he's no longer concerned about promotions, etc., then why would a pension change that, assuming the person is not in a position to earn more money toward retirement by billing or selling a lot and earning big bonuses?
