Comments on: How Would You Like to Get Paid $6,650.00 an Hour? http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/ The thoughts and experiences of Merrill Dubrow Tue, 06 Jan 2009 08:24:12 +0000 http://wordpress.org/?v=2.6.1 By: karen zajicek http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-7243 karen zajicek Wed, 11 Apr 2007 19:29:37 +0000 http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-7243 i dont understand why did the person get fired i dont understand why did the person get fired

]]> By: Bev http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1450 Bev Sun, 14 Jan 2007 16:14:52 +0000 http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1450 Retirde educator looking for work! Retirde educator looking for work!

]]> By: Kevin Lonnie http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1408 Kevin Lonnie Thu, 11 Jan 2007 17:05:57 +0000 http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1408 I should convass my employees and see how much they're willing to raise to have me go away. I think I'd be lucky to work up coffee money. Perhaps I should take that as a complement. It's a different economic strate these folks live in. It's the same with athletes, but at the end of the day, the P&L Statement reigns supreme and I'm sure the bean counters feel you have to pay this kind of money to get the top talent. Unfortunately for every Andy Grove/Steve Jobs, there are 100's of Catherine West's. I should convass my employees and see how much they’re willing to raise to have me go away. I think I’d be lucky to work up coffee money. Perhaps I should take that as a complement.

It’s a different economic strate these folks live in. It’s the same with athletes, but at the end of the day, the P&L Statement reigns supreme and I’m sure the bean counters feel you have to pay this kind of money to get the top talent. Unfortunately for every Andy Grove/Steve Jobs, there are 100’s of Catherine West’s.

]]> By: Ed Sugar http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1402 Ed Sugar Thu, 11 Jan 2007 02:16:15 +0000 http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1402 This was on Andy Borowitz's blog today and underscores the point: Home Depot Pays Salesclerk $12 Million to Go Away Largest ‘Golden Parachute’ for Incompetent Low-level Employee Ever One week after paying its former CEO Bob Nardelli a severance package worth $210 million, Home Depot raised eyebrows in the business community again today by paying an incompetent salesclerk $12 million “to go away forever.” In an official statement released to Wall Street analysts this morning, Home Depot said that it was paying the former salesclerk, Lucas Rekson, 24, the unprecedented sum on the condition that “he never shows up to work again.” The $12 million severance package for Mr. Rekson of the company’s Torrance, California store is believed to be the largest of its kind ever for a low-level incompetent employee, industry experts said. During his two-month tenure as a salesclerk at Home Depot, Mr. Rekson made his mark by repeatedly spilling boxes of nails on the floor and accidentally banging into customers with large pieces of lumber. In defense of the Mr. Rekson’s gargantuan severance package, company spokesman Carol Foyler offered this rationale: “If it means that Lucas will never work for Home Depot again, then $12 million is a bargain.” Reached at his home, Mr. Rekson was taking his place in business history in stride, telling reporters that after a brief vacation in Aruba he would start looking for work again. “I’d like to get a job at Office Max,” he said. “After a couple of months working there, I wonder how much they’d pay me to go away?” This was on Andy Borowitz’s blog today and underscores the point:

Home Depot Pays Salesclerk $12 Million to Go Away

Largest ‘Golden Parachute’ for Incompetent Low-level Employee Ever

One week after paying its former CEO Bob Nardelli a severance package worth $210 million, Home Depot raised eyebrows in the business community again today by paying an incompetent salesclerk $12 million “to go away forever.”

In an official statement released to Wall Street analysts this morning, Home Depot said that it was paying the former salesclerk, Lucas Rekson, 24, the unprecedented sum on the condition that “he never shows up to work again.”

The $12 million severance package for Mr. Rekson of the company’s Torrance, California store is believed to be the largest of its kind ever for a low-level incompetent employee, industry experts said.

During his two-month tenure as a salesclerk at Home Depot, Mr. Rekson made his mark by repeatedly spilling boxes of nails on the floor and accidentally banging into customers with large pieces of lumber.

In defense of the Mr. Rekson’s gargantuan severance package, company spokesman Carol Foyler offered this rationale: “If it means that Lucas will never work for Home Depot again, then $12 million is a bargain.”

Reached at his home, Mr. Rekson was taking his place in business history in stride, telling reporters that after a brief vacation in Aruba he would start looking for work again.

“I’d like to get a job at Office Max,” he said. “After a couple of months working there, I wonder how much they’d pay me to go away?”

]]> By: Mitchell Hodus http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1383 Mitchell Hodus Wed, 10 Jan 2007 00:51:06 +0000 http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1383 In my opinion its criminal and the share holders should be suing the board of directors for allowing such a thing to happen on their watch. There is no possible reason for 10 million dollars in 6 months other then to cover up nafarious doings that this person may have found at their company. In any event, the shareholders should stand up for themselves. I can only hope that those of us that have the opportunity to sit on Boards of Directors or to influence them can help stop the madness. While you may be hoping for quid pro quo, this pyramid scheme can only go on so long before the revolution begins! In my opinion its criminal and the share holders should be suing the board of directors for allowing such a thing to happen on their watch. There is no possible reason for 10 million dollars in 6 months other then to cover up nafarious doings that this person may have found at their company. In any event, the shareholders should stand up for themselves.

I can only hope that those of us that have the opportunity to sit on Boards of Directors or to influence them can help stop the madness. While you may be hoping for quid pro quo, this pyramid scheme can only go on so long before the revolution begins!

]]> By: Bob Graham http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1360 Bob Graham Mon, 08 Jan 2007 16:59:01 +0000 http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1360 James Cash Penney was notoriously frugal. When he started his company, he had two salesmen share a desk because he reasoned that one would be on the raod all the time. Reportedly, the first Mrs Penney died of neumonia following a tonsilectomy becuase she took a bus home from the hospital rather than a cab. JCP used to be a very "inbred" company-you started out in the stores and worked your way up the corporate ladder. Promotion was almost always done from within. They changed their philosophy in the late ninties, but I imagine there is still a struggle between the old Penney guard and the executive "outsiders". James Cash Penney was notoriously frugal. When he started his company, he had two salesmen share a desk because he reasoned that one would be on the raod all the time. Reportedly, the first Mrs Penney died of neumonia following a tonsilectomy becuase she took a bus home from the hospital rather than a cab.

JCP used to be a very “inbred” company-you started out in the stores and worked your way up the corporate ladder. Promotion was almost always done from within. They changed their philosophy in the late ninties, but I imagine there is still a struggle between the old Penney guard and the executive “outsiders”.

]]> By: Nicole Cicogna http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1359 Nicole Cicogna Mon, 08 Jan 2007 16:57:04 +0000 http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1359 And Merrill, I want to know how they got a picture of you on the treadmill... I love it! And Merrill, I want to know how they got a picture of you on the treadmill… I love it!

]]> By: Nicole Cicogna http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1358 Nicole Cicogna Mon, 08 Jan 2007 16:56:08 +0000 http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1358 Ian took the words right out of my mouth. For the stock challenge, I picked Home Depot. I thought after Bob Nardelli got $210 million, hopefully there would be enough money left over to pay the replacement, and bring the stock back up. HD's stock consistently went down during Nardelli's tenure. So how does one get paid $210 million for a hard edged management style and declining stocks? Sign me up... Ian took the words right out of my mouth. For the stock challenge, I picked Home Depot. I thought after Bob Nardelli got $210 million, hopefully there would be enough money left over to pay the replacement, and bring the stock back up. HD’s stock consistently went down during Nardelli’s tenure. So how does one get paid $210 million for a hard edged management style and declining stocks? Sign me up…

]]> By: Chris Hauck http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1344 Chris Hauck Mon, 08 Jan 2007 14:55:55 +0000 http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1344 Have they found a replacement? Have they found a replacement?

]]> By: Ian McKenzie http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1333 Ian McKenzie Sun, 07 Jan 2007 16:48:14 +0000 http://www.marcresearch.com/blogs/merrill/2007/01/05/how-would-you-like-to-get-paid-665000-an-hour/#comment-1333 Home Depot paid Bob Nardelli $210 million severence when they fired him after six years as CEO. That's more than 20 times what West got for a period that is only 12 times what she worked at Penney. No matter how you do the math, there is something way out of whack with golden parachutes! Home Depot paid Bob Nardelli $210 million severence when they fired him after six years as CEO. That’s more than 20 times what West got for a period that is only 12 times what she worked at Penney.

No matter how you do the math, there is something way out of whack with golden parachutes!

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