News for hackers. Stuff that matters.

A comment on Jack Welch Inflicted Great Damage on Corporate America. Parent comment

Re:Jack Welch Inflicted Great Damage on Corporate America by wpietri on Tuesday March 03, 2020 @12:57PM (#22476961)
Absolutely. In recent decades CEO tenure has fallen by ~half, while CEO compensation is circa 10x bigger. I think that's behind a lot of current business and economic problems. Giving someone only a short time to extract a lot of money is an absolutely terrible setup for creating sustained value delivery.
[ Parent | on HN ]
Re:Jack Welch Inflicted Great Damage on Corporate America by TuringNYC on Tuesday March 03, 2020 @01:10PM (#22477095)
Spot on. Any doubters can go check out GE stock. After several rounds of mining, there is nothing left in the poor rock.

PS You know things are really bad when the stock chart starts to go to log price scale because it has gone down so much!

[ Parent | on HN ]