1. Anyone who has any doubts about the value "Tommy Boy" (more respectfully Tom MacMahon) has brought to LH should view LH market cap, growth, profitability, cash/debt, DSO and any other metric before and after his tenure. He deserves to be highly compensated. 2. Anyone who invests their hard earned money based on the ranting of individuals that post negative messages on a chat board, you should re-think your investment strategy for the sake of your future. 3. Anyone who believes that LH purposefully targets long term employees, regardless of EFFECTIVENESS, and replaces them to save money is ridiculously out of touch with LH (emphasis intended). Investors should applaud the fact that LH makes the tough decisions in the effort to make the company better.
On this LH board your #3 is wrong. Get real. Join reality. Don't be nieve'to think mgm't doesn't address the numbers to target long tem, high priced employees doing the same job as short term employees. They can save almost 50% per.
At least you put it calmly Bottman, as opposed to darthtrader who obviously was one of the ineffective and is bitter.
My perspective isn't one of naivete, just experience. Unfortunately, the tendency on the message board is to listen to the loudest voice, which will not help anyone's investment strategy one iota.
LabCorp is a great company and run by a very competent CEO with a proven record. CEO compensation is an active subject in the media and here, so I will change no minds on the chat board. MacMahon has lead this company, with a team of management, from the doldrums to success and high profile.
dulles2delaware wrote "Anyone who has any doubts about the value "Tommy Boy" (more respectfully Tom MacMahon) has brought to LH should view LH market cap, growth, profitability, cash/debt, DSO and any other metric before and after his tenure. He deserves to be highly compensated" I didn't realize he did this all himself. You realize he is chairman of the board that decides his compensation, de facto he decides what his compensation will be. Last year he decided to compensate himself 1000% over his base salary of $800,000. This at a time when hourly employees are barely given a cost of living raise. It's obscene and it smacks of a ceo not concerned with the well being of the company but instead concerned with his own ego. Sadly, this is all too common in corporate America nowadays. We need more ceos who are of the ilk of Warren Buffett.
Regarding your #3.... What Color is the Sky in your world?? How many Moons are in your Sky?? Are you just galactically Stupid or else a LabCorp senior manager? How $&*#Dumb can You Be. Look at American Airlines (AMR). That company is on the verge of being ruined because of Idiots at the top that feel like they are Above it All" and far more worthy than the average employee. I bet you believe in the Tooth fairy and Easter bunny too.......................