What most people don't know about Corporate Executives.
By ParaTed2k
@ParaTed2k (22940)
Sheboygan, Wisconsin
May 7, 2009 9:53pm CST
To listen to the incompetent press, one would think that corporate executives all make millions of dollars a year to do nothing but sit around abusing the "real" workes. In fact, from listening and learning from people who, corporate executives don't have "real" jobs, any responsibility to speak of, nor do they have anything to do all day but act busy and chase secretaries.
I guess I have been guilty of that kind of thought at times. I mean, there was a time I didn't know any corporate execs and probably fell into some of the stereotypes the incompetent press and pop culture preaches.
As my life has unfolded through time, I have been close friends with a lot of corporate execs and their families. I've learned what they do, what their responsibilities are, and the benefits and drawbacks to their lifestyle.
If you're a corporate exec, the only 8 hour days you work are those you were supposed to have off, but ended up getting called in anyway. 8 hour days are for the workers, not the execs. If you ever had a 40 hour work week, it meant you must have been sick a couple of days. 60-80 hours is more likely to happen.
For corporate execs, the term "job security" means absolutely nothing. In fact, you know going into it that you probably won't work for any 1 company more than a few years. This is by choice, but it's also by circumstance. Everytime there's a new concept or business plan, your job is on the line. Everytime a new CEO takes over, you're probably out of work. Everytime a VP decides it's time to shake things up.. your job becomes shaky.
The families of Corporate execs move around as much as military families. I don't know any kids of execs who spent more than 2 or 3 years in the same school. The only kids I know who have lived in as many states as my own (military family) are those of execs.
Lunch and dinner breaks? What are those? The only difference between meal time and work time is, during meal times there's food involved. There is no "break room" where you sit around shooting the breeze with your co-workers while you enjoy lunch. In fact, most execs I know don't actually eat a whole lunch at one time. Lunch is basically eaten a few bites at a time throughout the day.
For lower and mid-level execs, figuring out what they made an hour is just depressing... especially when they find out that a lot of the people working the floor and the janitors make more per our than they do... especially when you're talking about union labor.
I'm not saying that there aren't any benefits to being an executive, there are. But anyone who thinks its all champaign, 3 martini lunches and the easy life.. well, you're just wrong.
Just think of it this way... There are hundreds of thousands of corporate execs in the US alone... but the only ones who live the way the incompetent press make them out are the ones in the upper echelons of the Fortune 500... in other words, a relative few actually get there.
1 person likes this
7 responses
@bobmnu (8157)
• United States
8 May 09
You forgot to mention all the parties they go to and the golf games and the lovely vacations they get to take.
It is often said that more business is discussed on the golf course than the board room. The Golf game gets them out of the office(away from phones and interruptions) to conduct informal talks and lay the ground work for the bigger plans that the Jr Exec will put together. The time spent at the 19th hole is time to sketch ideas on the back of a napkin and come to agreement in principal on a deal. Every party, every dinner with associates has business overtones to it. Those wonderful vacations are in reality business trips. While they may do some sight seeing they are there to put together a deal or to check on the competition. The junkets they take to Las Vegas are a chance to relax but during the day they are in planning meetings and strategy sessions with people from all over the country and it is easier to bring them together in one place, designed to house conventions and large meetings, than it is to bring them to the main office where space is difficult to find and hotel rooms are scattered all over.
Job Security is great until someone else messes up. I have known a few exec who have lost their jobs because of someone else mistake. I knew a school administrator who almost lost his job and did get a letter of reprimand because a bus driver was having a relationship with an underage girl during non school hours. they could not fire the bus driver because of the Union so the board to show the public they meant business went after the administrator for not knowing about it and stopping it. He kept his job but it still hangs over him.
You are right it is not a glorious life and it is very difficult not only on the individual but also the family.
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@ParaTed2k (22940)
• Sheboygan, Wisconsin
12 May 09
Yup, even when they are out doing fun things, they are still at work.
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@lilwonders456 (8214)
• United States
8 May 09
Personally I don't know any CEOs or Executives so I don't knwo what they do. But it would not surprise me if practicely lived at their jobsl. Companies do not run themselves.
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@bobmnu (8157)
• United States
8 May 09
In an interview Barbra Walters said that she has been all over the world but has not seen any of it. When she interviews some one like a head of state she flies over to be there in time for the interview, conducts the interview and helps to put it together on the flight home to make the next days broadcast.
My brother in law is a senior exes for a small company and he is traveling 40% of the time. He is also in charge of the plant and if something breaks and a a decision needs to be made he gets the call 24/7. Even on a family vacation he is on the phone 2-3 hours per day dealing with business issues.
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@ParaTed2k (22940)
• Sheboygan, Wisconsin
12 May 09
Even if they are at home, they are usually still "at work".
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@Taskr36 (13963)
• United States
8 May 09
You're lying! Everyone knows that they are fat, greedy, and lazy. If I were fat, greedy, and lazy, I'd be a Corporate Executive too! All they do is make money off other people's work and then fire people. No, don't tell me they employ millions, because everyone knows all they really do is fire people and make money doing it.
Ok, maybe that was a bit too heavy on the sarcasm. I just can't stand the fact that people don't get what you are saying. Real information, provided in a sensible, easy to understand manner, is just no match for the jealousy of the ignorant masses in this country. The fact is that anyone ignorant enough to think those execs are fat and lazy and make millions doing nothing, well, you know that not one of those people has ever MET a CEO, nor have they ever done so much as read a biography of any CEO.
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@ParaTed2k (22940)
• Sheboygan, Wisconsin
12 May 09
Too sarcastic? I didn't notice. ;~D
Yeah, it's the same everywhere. People would rather cling to their preconceived notions about other people than admit that they're wrong.
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@miamilady (4910)
• United States
8 May 09
And your point is?
I'm kidding...sort of.
I guess CEO's can suffer from stereotypes just lie the rest of us!
While reading what you said I almost got the feeling that you wanted us to feel a little bit sorry for them? Maybe it's not what you intended, but I just got a little bit of that feeling.
Okay...so they WORK HARD FOR THEIR MONEY. I got it. They make sacrifices in order to earn that money. I understand that too.
But usually the reason we even HAVE stereotypes is because a certain percentage of any group IS guilty of a certain behavior and that's what gives the entire group a BAD name. Right?
I'm sure there are plenty of hard working honest execs out there. But that doesn't take away from the fact that there are ALSO plenty who got there by exploiting others.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
12 May 09
Nope, I'm not asking anyone to feel sorry for anyone else here. I'm just pointing out a stereotype against people.
I think it's interesting that people talk against certain stereotypes as terrible, but defend the stereotypes they consider "ok".
Yes, the basis for all stereotypes is fact, and there are execs who do fit the stereotype, just as there are people who seem to live to perpetuate stereotypes against their little corner of the culture.
As far as the "feeling sorry" for people goes, it's ironic that so many people can't seem to respect people unless it's people they feel sorry for.
Victim=Respect. It's not a good thing, but too many people live by it.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
18 May 09
Yeah, they did choose the profession, so they must take the good with the bad. Personally, I don't feel sorry for most people when it comes to job and career choices. Like most choices in life, we choose careers based on what we can get out of them. Also like most choices in life, we get to make the choice, but we don't get to choose the consequences.
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@Taskr36 (13963)
• United States
12 May 09
Well I certainly don't feel sorry for them. They chose their path and must follow it. Most big dollar occupations come with some major drawbacks whether it's a doctor, lawyer, actor, etc. All those lifestyles are choices. I don't feel bad for people too lazy to finish highschool, or better themselves enough to get a good job, so I'm certainly not going to feel sorry for a CEO or big exec.
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@spalladino (17891)
• United States
8 May 09
When I worked at the college I reported directly to the Vice President of Technology Services. The man earned twice what I did, his office was twice the size of mine and, on the face of it, it appeared to be a cushy job. Everyone under him in our various departments did what they were supposed to do and our division ran smoothly. But, he also put in twice the hours that we did and carried the responsibility of ensuring that all of us did our jobs along with the responsibility of projecting into the future and hoping that he was right. Because if he was wrong he was outta there. I was middle management. I made recommendations as did others at my level but he was the one who took the bullet if there was one to take.
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@ParaTed2k (22940)
• Sheboygan, Wisconsin
12 May 09
Yup, if he messed up, he paid, if anyone in under him messed up.. he paid. People talk about how they get credit for what other people do, but there is a down side to that also.. taking the hit for things other people do... or don't do.
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@thegreatdebater (7316)
• United States
9 May 09
Para, I know afew executives myself, and I do agree with your statement about hours, and stress. But, I know from my own personal experience that the ones I deal with make alot more then the average worker does (even if there were working 100 hours a week). But, like anything else in life, a few bad apples ruine the bunch, and this is the case with the media and many corporate CEO's. We all hear the numbers of some of these CEO's and hedgefund managers and normal people couldn't even imagine where you would put all of that money. The normal American worker couldn't imagine making more money a week than what the FDIC insures. I am sorry Para, but I have no sympathy for corporate executives, or their families. They knew what they were doing when they got into this business, and they decided this is what is best for them. I will use a quote from a very powerful corporate executive: "They can always come work at Wal-Mart if the stress gets to high." Lee Scott former CEO of Wal-Mart.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
12 May 09
I wasn't asking for sympathy for anyone. I was merely pointing out a stereotype that a lot of people hold.
We can respect people without equating it to sympathy, right?
Good quote! :~D
1 person likes this
@thegreatdebater (7316)
• United States
15 May 09
Para, I understand what you mean, and I know you weren't looking for sympathy. I just stated my feels on the subject.
After Lee made that statement the guy on CNBC asked him if the stress ever gets to you, and you want to find your local Wal-Mart for relief. He said "you don't know how enjoyable being a greeter can be after a bad quarter".
@modstar (9605)
• Philippines
12 May 09
Well the CEO's last say is very crucial in a sense that it can make or break a deal or it could ruin the company. That alone is one hell of a big responsibility and one wrong decision, he might get the ax. Not easy right? They're seasoned decision-makers and smart enough to know what's going on. that's why they were able to climb all the way to the top. They've all gone through what others have. Well some went there just because of relatives. lol!






