Your right!.........Companies in the private sector really have to work to keep their businesses running, and remain competitive and long hours can be expected. In order to get a payday and to be able to pay the bills the businesses have to work to generate revenues, and if the business is successful it will expand meet product demand. The more revenues the better the payday, and more employee's and better wages. If its not a success the banks typically won't loan more money.
In the public sector if the companies are operating in the red, running deficits out the ying yang, they elect to sell more stock to the public, if they can't pay themselves or their employee's they file an S-8, the employee's may only consist of themselves and their buddies, and sell stock to the public.................the paydays can be outrageous, into the millions, regardless if the company is failing, and has been for years. What is the incentive when the pay packages are a guarantee no matter the outcome?, some aren't the founders their just another employee...........There are more ways for them to get theirs than I can count on both hands, but so much of what goes on isn't transparent. What is really the kicker they may take this money and buy in to another company when selling stock in their own.
Stock options, bonuses, no one else in the lower tier ever gets no matter how people work their tiered butts off, and in some cases salaries to boot plus stock options, severance pkgs, golden parachutes, on an on. This is what most of its about, the more they can BS the public into buying their stock the bigger the payoffs. Its the root cause for failures, the root cause for most of the corruption.
The investors are "constantly bailing them out", it just didn't happen with this, in good times and bad. The reasons why they need to operate like those in the private sector having come public they should get an initial public offering, and if they need to do a 2nd no one in the company should be able to benefit directly. Every dime should have to go into the company, not into their pockets. Following this the shareholders should have a vote by proxy if any more stock selling is suggested as a public offering perhaps even in the 2nd, it should have been determined what they needed in the initial, but more times than not the 2nd one is to take care of them once they have their foot in the door.
