What a bunch of class-envy freepers here!! They should just go back and reread Capitalism.
bttt
Oh shudder - class envy! I don't think it's envy. I think it's shock at what appears to be an excessive amount of money. Is it excessive? Probably. Is it market-controlled? If so, the market is broken. Good old boy cronyism and back-scratching, I suspect.
We don't live in a lasisse-faire economy and this is one indicator.
This guy was no Hank Rearden or Bill Gates.
He was a hired hand under who's stewardship the company lost 40%.
If there was justice the only thing he should have gotten was a pink slip and a hearty "AMF!"
What brand of capitalism is it that a CEO gets rewarded with an extroadinary retirment package for running a company that underperforms and transfers investors money directly into the pocket of the Chief Underperformer?
Let them start with Dickens. Better Dickens than Marx.
Yes,a company's stock tanks 40% with him in charge, and he gets 6 million plus a year in benefits. I could have run the company better for cheaper. I would have only lost 39% of the stock market value. I am sure of it.