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.
If Le Bron is a company officer in a public traded company and his contract is drawn up by his friends who are members of the B of D's. This is collusion. YES. Collusion in this manner is a felony, I think punishable by 1 to 10.