I've been starting to believe that it is just my imagination that the high salaries and benefits that CEO's and other contract upper mgt receive are justified purely by their great leadership abilities. But, maybe no. I was just listening to Brenda Butler on the financial channel, she stated what I have always suspected. She stated that ususally the members of the B of D's and upper mgt are usually great friends and they take care of each other providing each other great benefits at the expense of the share holders. She also stated that this is a situation that needs to be addressed by the stock holders. After all it is stock holder money that's the issue.
Will be interesting to see. Last year (2010) his pay package doubled from $5 to $10 million. In 2011 stock dropped from $26.27 to $25.17. Can't wait to see what "The King" will get for his 2011 performance.
Are you implying 'COLLUSION'? How much are the benefits of the B of D's going up? Most board members know very little about the business and are just figure heads. Think about it. I am a strong believer in great pay for great performance, but only for great performance. The first rewards from any business goes to the owners not the employees. In this case the owners are the stock holders.