Quote:
Originally Posted by t951
CEO's get 1% compensations (really it should be 0) and 100% PERFORMANCE salary.
Company does well, so does everyone, especially the CEO.
Company does poorly, CEO gets squat and will move along.
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But that's been a major contributor to what has caused the problems a lot of companies are going through right now.
Too much emphasis was placed on performance, as measured by the stock price. Too many execs and companies made stupid mid and long-term decisions that placated the day-trader crowd that wanted unrealistic returns in the immediate and very short term.
It's easier said than done to measure the performance of a large company, at least when trying to quantify it for a benefits or compensation package.