Originally Posted by
Spongebob
Not saying they shouldn't use some discretion (and the good ones do) but I propose that a CEO is every bit as important to a "team" as the star athlete or actor - and both have HUGE support teams to pull their performance off.
Look at Herb Keller (good) @ SWA and Bob Nardelli (bad) @ Home Depot for examples of how a CEO affects the whole organization.
Spongebob
...and how was Nardelli compensated on departure for his bad performance.
That guy is the poster child for CEO Excessive Compensation!
http://www.washingtonpost.com/wp-dyn...010300553.html
The purpose of corporations is to increase shareholder wealth.
The stock went nowhere during his tenure and he walks with a $210M exit package ---- simply incredible!!