Monday, April 7, 2008
An Honest Day's Work, An Honest Day's Pay...
Well, maybe not so honest. This interactive guide to CEO's compensation plans is an annual favorite of mine from the NYT. I'm picking out American Express CEO Kenneth I. Chenault as my personal target of disdain. I am hard pressed to find even a free market economist who would argue that overseeing a 13% drop in share price is worth a 95% (yes nearly double) increase in compensation. Don't you wish you could lose 13% on the single most important indicator of your work and still pull a $50M salary? What a fleece job...
Labels:
Business,
Economics,
Investments,
Statistical Data
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