New York Times :: Big Board Chief Will Get a $140 Million Package
Article

> This is a phenomenal unrisked return for the head of a
> quasipublic organization," said Charles M. Elson, chairman
> of the corporate governance program at the University of
> Delaware. "It's really a staggering sum because it's cash
> that was never at risk. It's mind boggling, more of an
> entrepreneur's fortune, and may well be more than the
> earnings of some of the companies that trade on the
> exchange."

Another executive compensation success story. It's not about performance. It's about friends taking care of friends. And we'd all get a better deal if these positions were put out to bid among the executive class. Kinda like political offices.
posted by Tomohiro Idokoro @ 9:25 PM

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