JayCee wrote:
Cliff wrote:

http://moneycentral.msn.com/content/...0.asp?GT1=6820
[
The 5 most outrageously overpaid CEOs

Here’s the pantheon of execs whose paychecks soar while their
companies suffer. ]


These CEOs are responsible for generating millions of dollars in profits
and they keep tens of thousands of workers employed. If a corporation
makes, let's say, 10 billion in profit in a given year, then the CEO of
that corporation deserves to be paid a salary in the 50 to 100 million
dollar range. And what's wrong with that?

First of all, the CEO is almost NEVER responsible for the profits.

Secondly, you can get a much better CEO for a lot cheaper than this.

Thirdly, the CEOS are picked by a bunch of racketters who should be
busted under the RICO statute.

A good performing CEO is worth
his or her weight in gold, and they deserve every cent of what they
receive in compensation.

These particular CEOS were raking in millions of dollars and lost 3/4s
of the value of the company. In other words, they were incompetant as
well as overpaid.