Quote:
Originally posted by Sidd Finch
I was pointing out that, in fact, many businesses have instituted the far worse policy of paying failed executives massive amounts of money.
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The blame for this idiocy is the exec compensation consultants and bar. They've created this silly bidding war for talent, as though these CEOs are pro athletes. I think the better framework for all CEOs is the framework used in Chapter 11s or some distressed financing deals - the CEO gets paid a handsome salary, but all bonuses above that are strictly goal oriented.
But shit... the real problem at the base of this issue is that all these execs do is try to prop the stock to meet goals, grab the huge bonus and leave. Some poor shmuck eventually ends up losing in that musical chairs. Its kind of like Presidents - the guy before you is as much to blame for your success or failure as you are.
