Blandino: "We measured PSI levels and recorded that information.."

DaBruinz said:

Because, supposedly, there is a $150 million termination clause in Goodell's contract.. Why the owners would have agreed to that is beyond me..

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DaBruinz said:

Because, supposedly, there is a $150 million termination clause in Goodell's contract.. Why the owners would have agreed to that is beyond me..

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DaBruinz said:

They're still laughing at the bank.. They continue to sell out and continue to make hundreds of millions of dollars..

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Clonamery said:

Golden Parachute....NFL-style.

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robertweathers said:

It is absolute madness to what they agreed to.

If you look at the golden parachutes other CEOs of billion dollar corporations receive if they are canned it is not even in the same ballpark.

IBM-$14.6m
HP- $51m ($90m ifacquired)
EMC- $23m
Apple- $0

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Patsfanin Philly said:

Here are a few $100 million plus golden parachutes.....

These CEOs Got Paid $100+ Million Each To Quit

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Clonamery said:

But...but...but...HE is worth every Penny. Modern Day Society has broken down.....do they turn to the Government? No. Do they turn to their Religion? No. Do they turn to their Loved Ones? No. Everyone turns to the NFL for Comfort and Direction. Who but Roger Goodell has done more to relieve the daily stress of the American People...NO! The World!...by providing NFL Quality entertainment chock full, chock full I say, of Morality and Integritude and Monster Concussion-Proof Collisions!?!?

$150 million? A pittance.

Rollerball anyone?

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‘‘We offer a respite,’’ Jerry Jones, the rascally owner of the Dallas Cowboys, told me. ‘‘We are a respite that moves you away from your trials and missteps, or my trials and missteps.’’ Jones describes a weekly display in which representatives from my town and your town meet up. ‘‘And we’ll just have a big old time, being relevant to one another.’’

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Patsfanin Philly said:

Here are a few $100 million plus golden parachutes.....

These CEOs Got Paid $100+ Million Each To Quit

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robertweathers said:

What. A. List.

I would argue that Welch, Gerstner and Whitacre voluntarily retired. All 3 made a crapload of money for their respective shareholders.

Of those 3 men (and I've personally met two of them) that I mention, Goodell doesn't have a 1000th of their leadership, savvy and business acumen.

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Before GE sells its reinsurance operation to Swiss Re for $6.8 billion, the contract requires GE--that is, except for a couple of qualifications that may or may not turn out to mean a lot--to add $3.4 billion to its reserves for future claims costs. In this year's books, that will be the main cause of an after-tax $2.8 billion loss for insurance at GE.

The hard fact is, any additions to reserves are a cost that should have been matched to premiums recorded in earlier years or the first three quarters of 2005. So if GE were to actually put up the full $3.4 billion, it would be acknowledging--implicitly--that its costs were hugely understated in the past and its profits overstated.

Both Swiss Re and GE have said that most of the reserves are likely to be assigned to pre-2001 years. That would mean the overstated profits occurred on former CEO Jack Welch's watch. The $3.4 billion in reserves, if applied to GE's four best insurance years, 1996--99, would undo more than 90% of the insurance earnings that GE reported for that period. (Welch declined to comment.)

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Jlaff said:

Has a bs communications degree, had to rely on family connections to get a job.?

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Patsfanin Philly said:

and his degree is from a non-elite college to be kind. With his family connections ( and we are the same age) a phone call should have gotten him into an Ivy League school if he even had 500s on his SAT scores.. He must be really low on the intelligence which explains his failure to understand the Ideal Gas Law.....

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The Brandon Five said:

I personally think that Welch did tremendous damage to American business. People emulated him and his ideas, but it turned out that there was a lot of smoke and mirrors in GE's performance. The whole "get rid of 10% of your workforce" idea is toxic, IMO.

GE'S AWKWARD EXIT FROM INSURANCE - December 12, 2005

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PatsFanSince74 said:

I think the word is "strategery"

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Urgent said:

Nope. I think it's "lockbox."

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robertweathers said:

No one every accused Jack Welch of being a choir boy.

My original point is that from a business standpoint, Roger Goodell is not even in the same galaxy as Jack Welch.

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In some businesses, not even brilliant management helps

I’ve said many times that when a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. (1989)

Good jockeys will do well on good horses, but not on broken-down nags. (1989)

When an industry’s underlying economics are crumbling, talented management may slow the rate of decline. Eventually, though, eroding fundamentals will overwhelm managerial brilliance. (As a wise friend told me long ago, “If you want to get a reputation as a good businessman, be sure to get into a good business.”) (2006)

My conclusion from my own experiences and from much observation of other businesses is that a good managerial record (measured by economic returns) is far more a function of what business boat you get into than it is of how effectively you row (though intelligence and effort help considerably, of course, in any business, good or bad). (1985)

Should you find yourself in a chronically-leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks. (1985)

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Jlaff said:

Off topic and said a million times, but I just wanted to comment on how un-American Goodell's position in life is. Average or below average in every single way aside from intelligence (severely below average). Has a bs communications degree, had to rely on family connections to get a job. Displays his incompetence at every turn as Commissioner. Doesn't even have charisma or looks to fall back on, he's a bloody ginger with a turkey neck ffs. But yet he's a .01%er, or better.

No wonder Bernie Sanders is so damn popular, can you blame people when this is what they see?

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The Brandon Five said:

Yeah, not a dig at you. I just think the whole adulation of CEOs is a huge problem in the U.S. We way over-value their contribution and importance.

Don't take my word for it. Take Warren Buffett's:

Exclusive Warren Buffett – A Few Lessons for Investors and Managers | The Blog of Author Tim Ferriss

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