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  • qtrnomore qtrnomore Apr 30, 2008 11:05 PM Flag

    CEO Compensation $23.7m!

    What do you expect? Get it while you can.

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    • I suppose that I would expect Remuneration Committees to be more effective in tieing CEO rewards to performance.
      However I now note that Yahoo Finance withdrew their article on Ace's CEO compensation after I posted my message, and have rewritten it to show that his compensation was $14.7m and not the $23.7m they originally reported! I bet the language on the phone line or email between Ace and Yahoo was pretty colorful on this wildly inaccurate report. Obviously the comp. is not so egregious as $23.7m, but still feel it is way over the top. At some stage Independent Directors should stand up against these hugely inflated packages that bear little or no relation to performance.