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CEO pay up big - but not performance:
This is more bad news. As Drucker, Buffet and many others have said CEO overpayment is bad for companies, workers and shareholders. Even when they are fired they often take away tens of millions of dollars. Absolutely ridiculous. I sure hope the bubble of CEO pay bursts soon - the only suitable comparison this century is the internet stock bubble. But every year it just gets worse. I would add Overpaying CEO’s to Deming’s seven deadly diseases of western management.
Related: Excessive Executive Pay - Warren Buffet on ridiculously out of line executive compensation - Excessive CEO Pay - More on Obscene CEO Compensation
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February 6th, 2007 at 2:48 pm
This is the kind of data you would expect if people are the organization’s most important resource. If instead senior management thinks the company exists to fund their lavish lifestyle and…
March 23rd, 2007 at 10:39 am
[...] As I mentioned earlier, I would add excessive executive pay to Deming’s seven deadly diseases of western management. We need to drastically role back the luducrous pay packages. [...]