GO SIMON
Posted on 06/15/2002 9:29:17 AM PDT by NormsRevenge
Edited on 04/13/2004 3:29:25 AM PDT by Jim Robinson. [history]
SILICON Valley's vaunted meritocracy is badly in need of a tuneup. The problem is not that hard work isn't rewarded and innovation and ingenuity don't pay. It's that for many valley executives, pay no longer appears to be connected to performance.
(Excerpt) Read more at bayarea.com ...
Bob Palmer destroyed Digitial Equipment Corporation, put 100,000 people out of work (while making 75 of his buddies new vice-presidents with golden parachutes), and rode out of Maynard with $ 52 million. The wreckage of DEC was bought by COMPAQ. COMPAQ is now failing fast and is being bought by H-P, itself not the healthiest company on the block. But the top people always get golden parachutes, don't they?
Wonder what Palmer is doing these days...?
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