> “Ruth is the only person who can deliver bad news to me, and I’ll still like her,” says Jeff Immelt, CEO > of GE
These people are insane. Keep personalities like this far away from your life.
Tempting as it is to post unsubstantive denunciations to the internet, this is the kind of thing we're hoping to avoid here (and especially personal attacks). If you have a concern you can express in a way that adds information, by all means do. But please don't just post empty anger, even though it's perennially popular.
If you work at a company and they start hiring large numbers of ex-Wall-Street execs, run.
No, not really. An earnings call for an enterprise that large is worth many human lives (at the standard rate of about $2 million, which is itself derived from both people's own insurance choices as well as court-case awards); part of what someone at that level is paid to do is to put her company (and the well-being of the millions of people with a stake in it) above herself, and Mrs. Porat did that.
I think there is a difference between how we try to compensate for the loss of something irreplaceable (a life) or disincentive negligence, and the price of something bought and sold.
1. The person committing the suicide and thus the fraud would not be weighing his life against the money, he would be considering the well-being of his beneficiaries instead, and deciding that their well-being is worth more than his life.
2. He cannot reasonably control the payout of the life insurance. Anything beyond a certain mark (maybe 2 million $) would raise a lot of eyebrows in the insurance company.
I wish I could read this without thinking of human sacrifice on a scale unseen since pre-Columbian meso-America.
Even by your logic this is insane. She's paid more than 2,000,000 a year, and therefore should not be sacrificing herself from a pure economics standpoint.
i always wonder how lonely these people are in their day to day lives, but maybe they derive satisfaction from their hectic work lives instead of human relationships.
i know i've been there before from my own hectic work schedules, caught up in the love affair of a high pressure work environment.