Cheap Last Minute Deals - Perks and Prestige Rather than Profits power, many CEO's Pursue the Four Ps - Pay,

Perks and prestige rather
than profits for the company, power, many chief executives pursue the four Ps - pay.

Etc, american, boeing, freddie
Mac, motorola, scherling Plough, spiegel, kmart, year 2003 saw the
departure of CEOs from Raytheon. Worldcom's Bernie Ebbers, qwest's Joe Nacchio, tyco chief Dennis
Kozlowski, enron Chairman Ken Lay, in 2002. According to
Booz Allen Hamilton, forced
exits accounted for 39% of CEO departures in 2002 up from 25 % in 2001, in the United States. There are more and more CEOs falling from grace, recently.

" Firms' stock prices drop an average of 2
percent around the date of initial disclosure of corporate plane use. . . . Professor Yermack said: "The central result of this study
is that CEO's personal use of company aircraft is associated with severe and significant
under-performance of their employers' stock, cEO Perquisites and
Inferior Shareholder Returns", "Flights of Fancy: Corporate Jets, in the study. Agence France-Presse (AFP) in 13 April 2004 reported that Professor David Yermack of
New York University Stern School of Business found that the average shareholder gains
underperformed market benchmarks at companies where the chief flies by luxurious
corporate jets.

The days of fat cats running
corporations are over, however. Some of the CEOs may not be justifiably fired as the economy turns bad through no
faults of theirs' but they were held accountable.

And all of them were paragons of simplicity and prudence in self-aggrandisement. There are six self-made
multi-billionaires. He has a leaky bucket. You are already winning, if your competitor has a limo and
you do not. Uncontrolled and unnecessary costs destroy businesses.

The founder of Ikea takes the company bus to his stores, ingvar Kamprad. 000 per
annum, warren still stayed in the
same house that he bought thirty years ago and drew on a salary of US 100. It is McDonald's, when they lunch together. Warren Buffet manages Berkshire Hathaway's billions and billions
with a staff of 24. Until they finally got so big they ran their
own fleet of aircraft, bill
Gates of Microsoft often rode coach on planes. David Packard
never had an enclosed office before he left Hewlett-Packard for government service. Who did not demand a fat salary or swanky office or specially tuned cars, he paid Perot
$2.5 billion to go away because GM executives were embarrassed by the folksy Perot, finally. Made $2.4 million salary plus a bonus, perot's new boss, the President of General
Motors, when Perot sold EDS to General Motors, however. 000 a
year, ross Perot paid himself $70, as President of EDS. He
always fetched his own coffee. Sam Walton founder of Wal-Mart drove an eight-year-old red Ford pickup, in 1991.

000 per year for life although the Webvan's stock price plunged 99
percent during his tenure, $375, george
Shaheen, the company reportedly agreed to pay its resigning CEO, before it
ceased operations. It failed to compete against the
traditional supermarkets with its online shopping services and home delivery. Webvan is another example. Management reportedly petitioned the
bankruptcy court for permission to dole out roughly $19 million in bonuses to keep key
executives from leaving, however. Polaroid reportedly cancelled health-care benefits for the company's retirees in
the wake of its Chapter 11 filing. Polaroid's management failed to save the company from the shift to digital
cameras, though founded on the innovative idea of instant
photography. 000 to fund its luxury box at
the formerly named Enron Field, many Enron
employees were fired whilst Senior Executives used $200. Indeed examples of executive abuses dominated the news during 2002.

The Kmart's creditors which K mart owed $6 billion
protested to a Chicago bankruptcy judge. 000 per month in retirement benefits
to some 242 of its executives, kmart in bankruptcy authorised payments of $362.

" Those investors felt that they have been robbed as they saw their
retirement savings dwindled. The selfserving
deals, the fraud, the get-rich-quick schemes, the double-dealing, against shenanigans, and some are declaring petty war against the mighty corporation, "Consumers are mad. L A Times writer John Balzar observed that creditors and shareholders are not the only
ones enraged at the seemingly arrogant attitudes of America's corporate giants.

The
list of corporate excesses goes on and on. 000 of Adelphia's shareholders' funds on a Christmas tree, john Rigas spent US $20. 000 on a "dog umbrella stand" and US$6000 on shower curtain, dennis
Kozlowski spent US$15. 000 cost of a holiday to her company, martha Stewart of the
ImClone System expensed off the US 17. They are greedy for more, yet. Making it to 500 times
the pay of the average worker, cEOs compensation surged 1000% in three decades, in America.

CEOs who live "fat cat" lifestyles using corporate funds should be slaughtered and
skinned.