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re: Funny how the socialists devalue a CEO
Posted on 12/29/23 at 6:13 am to 75503Tiger
Posted on 12/29/23 at 6:13 am to 75503Tiger
They get pissed about the golden parachute that is given regardless of performance.
People hate head football coaches for the same reason.
People hate head football coaches for the same reason.
3
Posted on 12/29/23 at 11:37 am to Rouge
quote:
They get pissed about the golden parachute that is given regardless of performance.
People hate head football coaches for the same reason.
And honestly I think they're being pretty reasonable
Posted on 12/29/23 at 12:59 pm to Rouge
quote:
People hate head football coaches for the same reason.
That was the first quasi-analogy I thought of and the first example was paying Les Miles $2m to leave Kansas after he royally fricked up the program.
There are CEOs that are worth every penny of their exorbitant salaries but there are some that drive their companies off a cliff and still get huge golden parachutes on the way out the door of a company that is circling the drain.
Posted on 12/29/23 at 4:26 pm to Rouge
quote:
They get pissed about the golden parachute that is given regardless of performance.
People hate head football coaches for the same reason.
And these happen for the same reason. The CEO has an outsized effect on a company. Our CEO (probably will read this and knows who I am) will make about $1.5 million this year. Most of that is incentives based on earnings. But he can make a difference in earnings on $20 million per year one way or the other. So we are very willing to pay well when we think we have the right one. If we’re wrong, and we pay a million dollar severance when we have to fire him, that is 2% of annual earnings, so big deal. if we lost him because we would not agree to that, and our earnings plateaued at $20 million lower, that would be catastrophic relative to that payout.
In case he reads this…
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