Quote:
Originally posted by blackmercedes
CEO's and VP's make salaries in the tens of millions. They own little stock and take no RISK (recall that we wish to reward entreprenuers for their risk) and have platnium parachutes.
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I agree with you and MedMech that a good deal of it seems "a$$backwards", but on the other hand, consider this: If you've spent years or decades working your way up from "grunt" or "entreprenuer" to CEO of a huge company, then have you not earned the right to insulate yourself from at least some of the risk, and to make plans for your future (the aforementioned "parachute")? You have to admit that most of those people have worked thier a$$es off to get to "CEO"...There are always exceptions, but in most cases, you don't become the big cheese by sitting on your butt. Unfortunately, AFTER becoming the big cheese, many do sit on thier butts and let the company nosedive. I don't feel that such behavior should be rewarded, but I don't have a solution either.
Mike