[DeTomaso] allowing Detroit to fail

[Rick Moseley]

In much of Japanese business the top exec's pay includes a home, a chef, a
car and driver and membership to various clubs which all remain the
assets/property of the company.  When the  Exec leaves or is ousted he loses
these "benefits".   This tends to make their Execs strive for longer tenures
than most US Execs.

 

Rick 

 

From: michaelsavga at gmail.com [mailto:michaelsavga at gmail.com] On Behalf Of
michael at michaelshortt.com
Sent: Wednesday, December 10, 2008 9:40 AM
To: Thomas Tornblom
Cc: ramosel at pacbell.net; detomaso at realbig.com
Subject: Re: [DeTomaso] allowing Detroit to fail

 

Another thing that you will find in Japanese countries is that the CEO only
makes about 7X the salary of the average worker, anything paid above that is
based on profitability in real money, not on paper.

 

Michael in Savannah