Pork belly, I think it's called

Posted by The CEO on Tue, 22/09/2009 - 09:19 in Blogs 1413 1 comment | report

There's some deal in the US political scene called a pork belly arrangement I think. It seems to be that any law can be passed so long as those who oppose are bought off with special case provisions, often wholly unrelated to it but built in anyway. I should have guessed the ex-CEO would have wanted such a deal from me if I wanted to reduce my working time here.

He's come back with enthusiastic support - so long as the whole saving to the company goes to him as a dividend. Which is at least odd as he's a 50% shareholder.

And if he pitches in at that what will his ex-spouse do? She usually tries to block any payment to him on the basis that he's using it to woo seemingly ever younger girlfriends, something I presume also happened throughout their marriage as well.

If she says no for that reason, where am I? Stuck as ever between the devil and the deep blue. Which is why this place can, when the heat of survival is off, be very frustrating for all the good things that happen here. I'll just have to wait and see I guess. She's going to take her time, I suspect.

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Pork barrel, actually

Anonymous | Tue, 22/09/2009 - 09:58 | Permalink

http://en.wikipedia.org/wiki/Pork_barrel

But keep up the good work.

It occurs to me that you have made anumber of approaches to the shareholders to change the nature of your work (the buyout, and the previous NED idea). Do you make these on an ad-hoc basis, or do you have a regular 'remuneration/t&c review'? If not it might be better to set something up (led by Chair, natch) so that it is on the agenda in a predictable way. It may be a bit easier to get the shareholders to see it as a planned, incremental approach, rather than a series of off the cuff ideas (though I know it's not).

Though with these shareholders, who can tell...

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