PDA

View Full Version : Torre's Pay Offer Is a Hit with CFO's

Yanksagain
10-23-07, 12:58 PM
Interesting article on a financial website I read -

Torre's Pay Offer Is a Hit with CFOs
The pay-for-performance deal the New York Yankees offered to Joe Torre lines up with executive-compensation trends in Corporate America.

http://cfo.com/article.cfm/10007558/c_2984338
"The Straw"
10-23-07, 01:06 PM
Problem with that is Torre isn't a Executive he's a Baseball Manager. The Front Office should give themselves those kind of deals and stop trying to run a Team as a corporation. If you take emotion out of Baseball all you end up with is Money and a losing record.
LovelyLady114
10-23-07, 01:29 PM
also corporations operate different from baseball teams in that corporations can fire unperforming staff. baseball teams can't fire players and if they fire coaches, they have to continue to pay them.

also corporations are different in that execs have golden parachutes and stock options if they resign, something baseball doesn't.
Born in the Bronx
10-23-07, 02:11 PM
Gee, talk about comparing apples and oranges.
Yanks4eva1
10-23-07, 02:40 PM
Clearly, these CFOs know nothing about the business of baseball. :dunno: :boring:

Dee
cupcollector99
10-23-07, 03:03 PM
Newsflash, Tea pickers from India are excited about my neighbor's new mortgage rate.
bigjf
10-23-07, 03:06 PM
Clearly, these CFOs know nothing about the business of baseball. :dunno: :boring:

Dee

Probably not, but I'm betting Randy Levine knows plenty about CFOs...
Byron
10-23-07, 03:24 PM
Problem with that is Torre isn't a Executive he's a Baseball Manager. The Front Office should give themselves those kind of deals and stop trying to run a Team as a corporation. If you take emotion out of Baseball all you end up with is Money and a losing record.

A baseball manager absolutely is akin to an executive in a corporation.

Sure, emotion belongs in baseball... on the field, from the players. In the stands, from the fans.

But the decision makers... the management of the organization from top (owner) to bottom (coaches in the dugout)... should absolutely be run like a well oiled corporation with a goal in mind.
"The Straw"
10-23-07, 03:42 PM
He absolutely is not "akin to an executive in a corporation" He was middle management at best. The Executives are the Steinbrenners,Levine,Cashman,Lonn trost ETC.
TheBamTino24
10-23-07, 04:20 PM
"Pay as you go" is always one-sided and beneficial to the company.
Byron
10-23-07, 07:07 PM
He absolutely is not "akin to an executive in a corporation" He was middle management at best. The Executives are the Steinbrenners,Levine,Cashman,Lonn trost ETC.

I would actually consider him lower management within the organization, but where a manager sits in the managerial heirarchy is really unimportant to my point. He is part of management none-the-less, which is what I was referring to when I called him an executive. And, in my opinion, it is better to treat the position as such.
bobbymagee
10-24-07, 09:15 AM
Interesting article on a financial website I read -

Torre's Pay Offer Is a Hit with CFOs
The pay-for-performance deal the New York Yankees offered to Joe Torre lines up with executive-compensation trends in Corporate America.

http://cfo.com/article.cfm/10007558/c_2984338

Agree, the general compensation structure presented to Torre is relevant to employee wages. Contemporary HR business are concerned with creative compensation strategies to attractive, engage and retain employees. The Yankees offer to Joe is a trend: base pay linked with incentives. Higher wages will be linked with pay for performance. Great Thread.
yankeesAZ
10-24-07, 10:48 AM
Oh good, lets have bean counters running the Yankees. Surely no one will complain if we lose as long as the team turns a profit.
sweet_lou_14
10-24-07, 12:31 PM
Oh good, lets have bean counters running the Yankees. Surely no one will complain if we lose as long as the team turns a profit.

At this point I think there is a real danger of that very thing. Count me among those who are waiting to see (a) how the offseason goes, (b) what kind of manager and team take the field in the spring, and (c) how much all of that tells us about the current power level of Brian Cashman before deciding if, going forward, the braintrust is focused on winning or sucking out all the money they can before flipping the whole thing to the highest bidder.
bobbymagee
10-24-07, 02:38 PM
Oh good, lets have bean counters running the Yankees. Surely no one will complain if we lose as long as the team turns a profit.

Why pay 7 million for a manager for the previous six seasons who team performs well enough to just win the division, but not being able to win playoff series. Did managerial wage have anything to do with the Marlins, White Sox, or Red Sox's winning a championship?