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The time is now 5:34 pm
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April 25, 2024, 5:26 pm
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Eastern Time (GMT-5:00)
Is that Golden Parachute big enough for all of us??
Published:
http://www.smartmoney.com/editorspage/index.cfm?story=20070103
This is just BUGGING the HECK out of me.....the local Home Depot Stores are under a "Hiring Freeze" and have been for months......the employees are absolutely not to put in any overtime and the Company pays this kind of money to get rid of an Executive??????
What the heck is going on in the world????
Comments
The BOD is typically made up of people who are officers of other companies, certainly higly-paid people. It's an insider group of people -- an elite sliver of society -- who gets hired to these Boards, and they vote these ridiciculous pay checks, because then the people of the Boards of THEIR companies do the same for them. It's a vicious circle, and it's all because of the idiotic way these Boards are put together.
They DO NOT represent the shareholders, they represent an elite group of executives, who are only interested in enriching themselves. They care only about the bottom line of the company, and rarely know anything about the business itself. (Other than what factors impact the bottom line.)
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