Re:CEO compensation has grown 940% since 1978
by wang_li on Thursday August 15, 2019 @03:07PM
(#20708563)
>Really? When has that happened?
If you're talking on the scale of a non-founder CEO who is making $15 million per year, it happens all the time. There just aren't that many public companies that pay that much. The headline in this story comes from an analysis of the 350 largest publicly traded companies. A fired CEO can't just go down the street and find another $15+ million dollar salary ruining another company. Two examples would be Melissa Meyer and Ellen Pao. Both of whom are basically unemployable outside of board memberships.
Re:CEO compensation has grown 940% since 1978
by freeone3000 on Thursday August 15, 2019 @03:58PM
(#20709043)
"outside of board memberships", that six-figure sinecure with two annual meetings and a rubber stamp? Heaven forbid they be forced to stoop to THAT level.
Re:CEO compensation has grown 940% since 1978
by wang_li on Thursday August 15, 2019 @04:21PM
(#20709238)
But they're not six-figure salaries.According to [1] average base pay is $25,000. Bigger companies do pay more, into the $200,000 range, but it's not like failed CEOs are asked to join boards of huge companies.
1. https://work.chron.com/director-corporate-board-paid-19587.h...
Re:CEO compensation has grown 940% since 1978
by armSixtyFour on Thursday August 15, 2019 @11:10PM
(#20711835)
Unemployable with millions of dollars to invest in whatever it is they want. It's not all roses, but it's not as if their lives are over.
https://en.wikipedia.org/wiki/Tony_Hayward
>Anthony Bryan Hayward is a British businessman and former chief executive of oil and energy company BP. His tenure ended on 1 October 2010 when he was replaced by Bob Dudley following the Deepwater Horizon oil spill. He has been chairman of Glencore Xstrata since May 2014.
https://en.wikipedia.org/wiki/John_Legere
>John Legere (born June 4, 1958) is an American businessman who is the chief executive officer and former president of T-Mobile US. His leadership at Global Crossing was controversial, which included large executive bonuses and filing for bankruptcy.