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Pretty common sense stuff, but as they say common sense is not so common, especially among CEOs. As for underperforming CEOs getting high pay, from personal ex
by Jun8 16y ago
Pretty common sense stuff, but as they say common sense is not so common, especially among CEOs.
As for underperforming CEOs getting high pay, from personal experience I can provide anotehr data point: Ed Zander who at one point was the highest paid in the US with ~$30M. He totally fked up Motorola (among other people). In fact, sadly, this seems to be the rule rather than the exception among CEOs.
- hvs 16y agoIt costs a lot of money to convince a CEO to come to a failing/faltering company. EDIT: I'd just like to add that I think the letter itself is very well written and surprisingly heartfelt.