Comment posted byLunkwill Fookon January 30, 2009 at 5:13 pm (#924733)
But, anyway, we know how this is going to end. The economy will rebound, those guys will keep making six to seven figure incomes, if not more, and the world will keep turning.
Comment posted byDepon January 30, 2009 at 5:13 pm (#924734)
Thain is a moron and a fool.
i’ll bash him along with all of y’all. he’s a dummy.
i agree, a few high-profile cases of excess really goes a long way to driving the corporate outrage
but like the new CEO of AIG, in charge of leading it out of the dregs of failure is taking a $1 salary.
we need more of that.
Comment posted byLunkwill Fookon January 30, 2009 at 5:13 pm (#924735)
but like the new CEO of AIG, in charge of leading it out of the dregs of failure is taking a $1 salary.
I approve of that. Anyway, I gotta go. Have a good weekend, Deppers, Ed, Future, and the rest of you guys.
Comment posted byDepon January 30, 2009 at 5:14 pm (#924736)
But, anyway, we know how this is going to end. The economy will rebound, those guys will keep making six to seven figure incomes, if not more, and the world will keep turning.
hahaha, so true.
Comment posted byEd in Westchesteron January 30, 2009 at 5:15 pm (#924737)
later lunk.
Comment posted byDepon January 30, 2009 at 5:16 pm (#924738)
have a great weekend lunky. i hope the steelers win for your girl
(GO ZONA)
Comment posted byEd in Westchesteron January 30, 2009 at 5:17 pm (#924739)
The problem with the CEO’s getting paid only when the companies do well is that then you run the risk of them cooking the books to earn more. A lot of past year’s bonuses were based on “well, the company did well, so we had to pay him well”.
It’s a tough thing to figure out.
Comment posted byFutureon January 30, 2009 at 5:17 pm (#924740)
Seeya Lunk.
Tell your friend thanks again.
Dep: Did I tell you I got a job offer?
Comment posted bytim in St. Louison January 30, 2009 at 5:20 pm (#924741)
ZONA!
And Boldin with the first score.
And the National Anthem to be over 2:01
Comment posted byDepon January 30, 2009 at 5:20 pm (#924742)
Manny Ramirez is still among the unemployed, but at least he has one offer on the table.
The Worcester Tornadoes of the Can-Am League have dangled a 2-year contract worth $24,000 in front of Manny and his agent Scott Boras. That’s approximately $3,000 a month, quite a dropoff from the approximately $20 million Manny pocketed last season, but times are tough.
“I feel Manny would really enjoy playing in Worcester and hitting in our ballpark. Although I would be concerned about the cars traveling on I-290 during his at bats, it’s a risk worth taking,” said Worcester general manager Jorg Bassiacos.
Boras is undoubtedly hoping to get a bidding war going with other Can-Am League teams.
Brockton Rox, the ball is in your court.
Comment posted byDepon January 30, 2009 at 5:21 pm (#924743)
Seeya Lunk.
Tell your friend thanks again.
Dep: Did I tell you I got a job offer?
I did see that in the thread! CONGRATS MAN! yayyyy
sorry its not quite what you want in terms of numbers, but i hope they up it for ya :)
Comment posted byFutureon January 30, 2009 at 5:22 pm (#924744)
It’s not the best offer, but I am counter-offering.
Comment posted byDepon January 30, 2009 at 5:24 pm (#924745)
The problem with the CEO’s getting paid only when the companies do well is that then you run the risk of them cooking the books to earn more. A lot of past year’s bonuses were based on “well, the company did well, so we had to pay him well”.
It’s a tough thing to figure out.
absolutely.
and ppl dont get this kind of shit happens all the time
look at what happens in a bankruptcy, there are HUGE compensation elements laid out for the mgmt team to be incented to turn around the company. they usually lay out milestone events to be paid out upon.
bankruptcy courts even approve the plans! ppl have been fine with that kind of stuff forever, but now times are bad and they’re not anymore. its really the economic times more than there being an actual problem.
i would love for all these same people to shit on those comp plans for turning around bankrupt corporations. and watch that company never get turned around!
Comment posted byDepon January 30, 2009 at 5:25 pm (#924746)
It’s not the best offer, but I am counter-offering.
very nice. best of luck in the endeavor.
Comment posted bysheadenizenon January 30, 2009 at 5:29 pm (#924747)
dep, all the banks have done by distrubuting that money as bonuses is assure that Congress will fight them every step of the way on getting on more TARP funds ( which they will surely need). You can rationalize it all you’d like, but they’re morons for not seeing the consequences. Sure hope all those geniuses they had to keep can figure out how to keep them all afloat. lol!
Comment posted byDepon January 30, 2009 at 5:38 pm (#924748)
they’re morons for not doing a better job at communication, that i’ll agree with.
Comment posted bysheadenizenon January 30, 2009 at 5:39 pm (#924749)
Precisely!
Comment posted byDepon January 30, 2009 at 5:41 pm (#924750)
yup, i’ve done more today to y’all to sell ppl on why this (these payments) needed to happen, than those fuckers did
huge miscalculation on their part.
Comment posted bycpon January 30, 2009 at 5:50 pm (#924751)
The problem with the CEO’s getting paid only when the companies do well is that then you run the risk of them cooking the books to earn more. A lot of past year’s bonuses were based on “well, the company did well, so we had to pay him well”.
It’s a tough thing to figure out.
The other problem with tying compensation strictly to annual profitably is that it perpetuates the “maximize the current quarter” syndrome. Sometimes a company should invest in the future at the cost of the current quarter’s numbers to be both healthier and more profitable over the long term. To some degree this dynamic was at work in the US auto industry.
But Wall Street doesn’t reward long-term investment if it’s at the expense of current profits so you’ve got guys incentivized to make bad long-term decisions. There aren’t any easy answers but there sure are alot of bad slogans being shouted.
Comment posted byDepon January 30, 2009 at 5:54 pm (#924752)
lolz BP chat:
tycobb (ga): should heilman or marshall start for the cubs this year?
Marc Normandin: Never Heilman. Never.
Comment posted bycpon January 30, 2009 at 5:54 pm (#924753)
The Reds have had contact with Ty Wigginton’s representative.
“I talked to his agent,” Jocketty said. “They’re getting close to desperate stage. But we’re really only looking at bench help. I think that’s the only type of guys we’ll bring in — if we do that.”
Anyone know what that means?
Comment posted byDepon January 30, 2009 at 5:56 pm (#924754)
paulbellows (Calgary): Wouldn’t it benefit the Mets if they would trade Billy Wagner? I would think he will not throw another pitch for them and if another team would give something up and take over the rehab they may get themselves a closer for next year.
Marc Normandin: Probably, assuming Minaya pulls in something good for him. But what are you going to get for him, especially in this market? We’ve got guys who you know are going to help more than a rehabbing closer who have lower price tags that are jobless. Maybe during another offseason this would go off without a hitch.
Comment posted bycpon January 30, 2009 at 5:58 pm (#924755)
dep
that’s
the
funniest
one
ever
Comment posted byDepon January 30, 2009 at 5:58 pm (#924756)
Anyone know what that means?
lol…i dont know
they’re desperate but he wants a starting job? or be paid like a starter? that’s my interpretation
Comment posted byDepon January 30, 2009 at 5:58 pm (#924757)
RJ (Pittsburgh): All else being equal, is it better for a pitcher to post a, say, 3:1 K:BB with 9 K/9 or 6 K/9?
Marc Normandin: Great question. I like the guys with the 9 K/9 in this instance, but as far as fantasy goes, you’ll notice that guys striking out 6 per nine are the ones who are underrated by everyone.
Comment posted byDepon January 30, 2009 at 6:00 pm (#924758)
dep
that’s
the
funniest
one
ever
lol :)
Comment posted byDepon January 30, 2009 at 6:00 pm (#924759)
Aunt Jemima (Atlanta): Is Johan Santana still a Cy Young caliber pitcher? Who do you think it better?
Marc Normandin: He seemed to stop giving up all of those extra home runs that had me worried prior to his coming to NY, so I think until that comes up again, he’s still a Cy Young caliber starter, yes. Watch out for those homer rates though, because those will be his downfall.
Comment posted byEllis Deeon January 30, 2009 at 6:53 pm (#924760)
I think it’s unfair that these CEO’s should get bonuses for bankrupting their companies. Yet, GW bankrupted an entire nation - where’s his bonus?
Comment posted byMetsFanSince71on January 30, 2009 at 6:56 pm (#924761)
I am far, far, far, far, far more down on corporate America than I am on the Mets.
Not because of what the media tells me.
But because of the shit I’ve witnessed first-hand happen to me and a lot of friends.
Comment posted byMetsFanSince71on January 30, 2009 at 6:58 pm (#924762)
GW bankrupted an entire nation - where’s his bonus?
Don’t even get me started on that criminal.
Comment posted bysheadenizenon January 30, 2009 at 7:01 pm (#924763)
The guy who wrote the story for the Times is on TV now and says that their justification for paying this money is dep’s story. They have to pay them to keep them. The guy says that’s BS! No one is going anywhere. People are getting laid off all over the place!
Comment posted bycpon January 30, 2009 at 7:52 pm (#924764)
“Manny Ramirez is an extraordinary franchise player who makes money for teams,” Boras said. “The closer teams get to spring training, the more they know what they’re not and what their competitors are, and that prompts ownership to evaluate the situation. That’s how it works.”
And this exec has a good point:
As a National League baseball operations man observed, “Manny wants $25 million a year? That would get you Pat Burrell and two starting pitchers in this market.”
Comment posted byMetsFanSince71on January 30, 2009 at 8:03 pm (#924765)
They have to pay them to keep them. The guy says that’s BS! No one is going anywhere. People are getting laid off all over the place!
Exactly.
The rules are being rewritten across the board.
Comment posted byMetsFanSince71on January 30, 2009 at 8:05 pm (#924766)
As a National League baseball operations man observed, “Manny wants $25 million a year? That would get you Pat Burrell and two starting pitchers in this market.”
But then what’s holding up the Mets?? :)
Comment posted bycpon January 30, 2009 at 8:27 pm (#924767)
A couple of execs are now speculating that some of the FA’s that trigger draft pick compensation might not get picked up until June.
Apparently after the June the draft - they no longer cost the club that signs them a draft pick . . .
There might be a lot more opportunity for mid season improvement than in a normal year.
Comment posted bylittlefallsmetson January 30, 2009 at 9:57 pm (#924769)
That’s… a severe overvaluation of draft picks, I think.
I’m Mister Youth Movement but there is the simple fact that the draft in baseball is COMPLETELY different than the draft in football or basketball and… only after four or five years in the minors do you start to know which players are actually going to pan out, first round or thirtieth.
The draft is a crapshoot but there’s this logic creep from the other sports that makes people think that an early pick automatically equates to something in baseball.
It’s… it’s just weird.
Comment posted bycpon January 30, 2009 at 10:41 pm (#924770)
Yes and no. While even 1st round draft picks are not sure things - they’ve got a markedly better chance of contributing than lower rounds. If I didn’t have to work for a living I’d love to dig in and do a detailed study but here’s at least one quantified example from wikipedia:
29 of 52 first-round draft picks in the 1997 draft eventually made a big-league appearance. Only five of the 30 players selected in the 6th round of the 1997 draft ever did so, and only two of those five (Tim Hudson, and Matt Wise) played more than 40 innings in the major leagues.
Comment posted byConfusedon January 30, 2009 at 11:25 pm (#924771)
it sucks that bdg is only 1 hour long.
Comment posted bylittlefallsmetson January 30, 2009 at 11:27 pm (#924772)
Oh, I’m not saying there’s no value…
I’m just saying… people have a slot in their brain for “draft picks” from what they mean in the NBA and the NFL and it seems to bleed over in their logic.
It’s like trying to compare apples and oranges by painting the apple orange and claiming that the paint clears up all the problems of equivalence.
But, anyway, we know how this is going to end. The economy will rebound, those guys will keep making six to seven figure incomes, if not more, and the world will keep turning.
Thain is a moron and a fool.
i’ll bash him along with all of y’all. he’s a dummy.
i agree, a few high-profile cases of excess really goes a long way to driving the corporate outrage
but like the new CEO of AIG, in charge of leading it out of the dregs of failure is taking a $1 salary.
we need more of that.
I approve of that. Anyway, I gotta go. Have a good weekend, Deppers, Ed, Future, and the rest of you guys.
hahaha, so true.
later lunk.
have a great weekend lunky. i hope the steelers win for your girl
(GO ZONA)
The problem with the CEO’s getting paid only when the companies do well is that then you run the risk of them cooking the books to earn more. A lot of past year’s bonuses were based on “well, the company did well, so we had to pay him well”.
It’s a tough thing to figure out.
Seeya Lunk.
Tell your friend thanks again.
Dep: Did I tell you I got a job offer?
ZONA!
And Boldin with the first score.
And the National Anthem to be over 2:01
I did see that in the thread! CONGRATS MAN! yayyyy
sorry its not quite what you want in terms of numbers, but i hope they up it for ya :)
It’s not the best offer, but I am counter-offering.
absolutely.
and ppl dont get this kind of shit happens all the time
look at what happens in a bankruptcy, there are HUGE compensation elements laid out for the mgmt team to be incented to turn around the company. they usually lay out milestone events to be paid out upon.
bankruptcy courts even approve the plans! ppl have been fine with that kind of stuff forever, but now times are bad and they’re not anymore. its really the economic times more than there being an actual problem.
i would love for all these same people to shit on those comp plans for turning around bankrupt corporations. and watch that company never get turned around!
very nice. best of luck in the endeavor.
dep, all the banks have done by distrubuting that money as bonuses is assure that Congress will fight them every step of the way on getting on more TARP funds ( which they will surely need). You can rationalize it all you’d like, but they’re morons for not seeing the consequences. Sure hope all those geniuses they had to keep can figure out how to keep them all afloat. lol!
they’re morons for not doing a better job at communication, that i’ll agree with.
Precisely!
yup, i’ve done more today to y’all to sell ppl on why this (these payments) needed to happen, than those fuckers did
huge miscalculation on their part.
The other problem with tying compensation strictly to annual profitably is that it perpetuates the “maximize the current quarter” syndrome. Sometimes a company should invest in the future at the cost of the current quarter’s numbers to be both healthier and more profitable over the long term. To some degree this dynamic was at work in the US auto industry.
But Wall Street doesn’t reward long-term investment if it’s at the expense of current profits so you’ve got guys incentivized to make bad long-term decisions. There aren’t any easy answers but there sure are alot of bad slogans being shouted.
lolz BP chat:
Cincy Enquirer:
Anyone know what that means?
dep
that’s
the
funniest
one
ever
lol…i dont know
they’re desperate but he wants a starting job? or be paid like a starter? that’s my interpretation
lol :)
I think it’s unfair that these CEO’s should get bonuses for bankrupting their companies. Yet, GW bankrupted an entire nation - where’s his bonus?
I am far, far, far, far, far more down on corporate America than I am on the Mets.
Not because of what the media tells me.
But because of the shit I’ve witnessed first-hand happen to me and a lot of friends.
Don’t even get me started on that criminal.
The guy who wrote the story for the Times is on TV now and says that their justification for paying this money is dep’s story. They have to pay them to keep them. The guy says that’s BS! No one is going anywhere. People are getting laid off all over the place!
Boras is good:
And this exec has a good point:
Exactly.
The rules are being rewritten across the board.
But then what’s holding up the Mets?? :)
A couple of execs are now speculating that some of the FA’s that trigger draft pick compensation might not get picked up until June.
Apparently after the June the draft - they no longer cost the club that signs them a draft pick . . .
There might be a lot more opportunity for mid season improvement than in a normal year.
That’s… a severe overvaluation of draft picks, I think.
I’m Mister Youth Movement but there is the simple fact that the draft in baseball is COMPLETELY different than the draft in football or basketball and… only after four or five years in the minors do you start to know which players are actually going to pan out, first round or thirtieth.
The draft is a crapshoot but there’s this logic creep from the other sports that makes people think that an early pick automatically equates to something in baseball.
It’s… it’s just weird.
Yes and no. While even 1st round draft picks are not sure things - they’ve got a markedly better chance of contributing than lower rounds. If I didn’t have to work for a living I’d love to dig in and do a detailed study but here’s at least one quantified example from wikipedia:
it sucks that bdg is only 1 hour long.
Oh, I’m not saying there’s no value…
I’m just saying… people have a slot in their brain for “draft picks” from what they mean in the NBA and the NFL and it seems to bleed over in their logic.
It’s like trying to compare apples and oranges by painting the apple orange and claiming that the paint clears up all the problems of equivalence.