I happened to be sitting in a hotel hot tub with a guy whose "profession" was as an executive compensation consultant.

I stated that a great way for major corporations to both save money as well as become far more efficient (less meetings of large numbers of executives where most of their time was being wasted) was simple:

Fire the executives and double the salaries of their "administrative assistants" (who used to be called "secretaries" back in the day). These are the functionaries who actually kept most companies running in the name of their bosses while those bosses were off in their perpetual meetings.

He (maybe tongue in cheek) agreed with me, but pointed out he would be out of a job.

Before I retired, when I handed out Xmas gifts (things ranging from chocolate to scarves to leather gloves), they invariably went to administrative assistants, rather than their bosses.

Jeff

Berkshire Hathaway FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.