To: durasell
"But the idea is very simple -- someone/anyone's salary is tied to the amount of money they can make for the person they're working for, whether that be a single individual or a bunch of stockholders."
Do the words "Carly Fiorina" mean anything to you? How about "Michael Ovitz?"
Are all CEOs overpaid? Of course not. Neil Cavuto's book had excellent examples of CEOs who were willing to tighten their belts to help their companies through lean times.
But it does appear that by negotiating contracts in which utterly failed CEOs can be canned and still get millions of dollars, the boards of some pretty major corporations have violated their fiduciary duties to stockholders. I think that's the real story, why have boards abdicated their essential responsibilities.
To: radicalamericannationalist
Both Ovitz and Fiorina are out. Fired. Canned. Pink slipped. Shown the door. And otherwise pursuing other interests in which their former employers have wished them luck.
Do they have to work in their lifetimes? No. Have their children's, children, children been assured of a pretty bright future? Yep.
More importantly, both would have seemed like pretty good bets when they were hired. Ovitz built a powerhouse agency from a card table in his livngroom. Fiorina seemed like just the thing for the 21st century.
In regards to compensation, anyone is worth what someone else is willing to pay.
78 posted on
03/03/2005 7:45:52 PM PST by
durasell
(Friends are so alarming, My lover's never charming...)
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