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>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 ar
by wang_li 7y ago
>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.
- freeone3000 7y ago"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.
- wang_li 7y agoBut 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.html https://work.chron.com/director-corporate-board-paid-19587.h...
- armSixtyFour 7y agoUnemployable 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.