General Discussion
In reply to the discussion: We Can't Afford This New Breed Of CEO. We Need To Cut Their Pay By 90%. They --- [View all]PD Turk
(1,289 posts)IMO what needs to happen is to remove the ability for them to get paid ungodly amounts of money for failure. I'm not a legal scholar so I don't know if/how to make it work exactly but the 800lb gorilla in the room is the fact that they can negotiate themselves contracts that obligate the company to pay them enormous sums no matter how dismal their performance. If find such behavior from a class of people who love to preach about things like incentive, motivation and personal responsibility ridiculously hypocritical. Their excessive irresponsible behavior has brought this country to the brink of ruin.
Yank their golden parachutes, if they want to justify the big money with the old canard "we are the risk takers" , then let's see them actually take some big personal risks to get the dough. As it is, the only thing they ever risk is somebody else's money and well being.