<p>i thought we are talking about cornell, not a big business.
the cornell president will not go so low as to steal fund that would land him in jail.
as for your 'lacking major funding', im sure he wont just 'forget' to fund a major program several years in a roll. people WILL remind him.
i used miners as an example. faulty management is not always the doom of a corportation is what im saying. besides, its not the president alone that makes ALL the important decisions.
you said something about there being few cases of mining site explosions and such, resulting in few physical injuries that make it through the news. well, i ask of you, how many schools have failed due to 'faulty presidents'? (how many corporations while we're at that? besides the media exposed enron and nortel....) how many faculties from the schools lost their jobs and actually starved to death? i mean just straight up STARVED to death cause they can't afford food? </p>
<p>"i thought we are talking about cornell, not a big business."
An organization that pumps 3,300,000,000 into the local economy each year isn't a business?</p>
<p>"the cornell president will not go so low as to steal fund that would land him in jail."
Neither would a corporate exec who racks in $6M in bonuses a year - wait...</p>
<p>"how many schools have failed due to 'faulty presidents'?"
None! At least, none that I'm aware of. You've fallen into a neat-o little trap that I set from one of Plato's books (it worked in a public forum, now it's time for it to work on an academic paper). I am unaware of any schools that have failed due to faulty presidents ... which is why I said all along that this is why they are paid so much. No faculty members are flat out starving, none of that! Look at how much the presidents make, it is their job to make sure this doesn't happen, and so far it hasn't. </p>
<p>Take ILRCB-201 with Prof. Gold or ILRCB-488 with Gold again if you like analysis and debate.</p>
<p>GE never failed or anything, I quoted a manager saying why he gets paid more. </p>
<p>Do they fail? Yes, it has certainly happened in the past. Has it happened much, no, but when it has happened have the results been devastating to many that were involved? Yes.</p>
<p>again, disasters like Enron do happen ... but, what i'm saying is that presidents and CEOs are paid so much to avoid disasters like that from happening again. Though, I'm really talking more about stratigic businesss decisions, not the decision to fake company documents. </p>
<p>GM is laying off people because of very poor auto sales and because it's very expensive to keep the current people on hand. GM floor workers make about $14-18 an hour here in the US while in Mexico they make $2-3 an hour. It's tough to compete with that and the easiest solution is to lay people off.</p>
<p>you dont realize GM's poor auto sales is controllable. it is but a management level error. they should have stopped manufacturing "big cars" long time ago when fuel became an issue, but they didnt.
if they focused more on gas efficient cars like honda/toyota, they wouldnt be in the same predicament.
guess their high salaries dont make them too smart</p>
<p>i never said paying management alot would guarantee spectacular performance all the time ... strategic decisions do go wrong sometimes, but nobody wishes for this to happen. Management is paid alot to get the strategy right.</p>