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There is a very high correlation between board membership and CEO experience. Who decides CEO compensation? The board. The players are making the rules and they
by fredophile 6y ago
There is a very high correlation between board membership and CEO experience. Who decides CEO compensation? The board. The players are making the rules and they're choosing rules that favour themselves.
- lend000 6y ago[0] https://finance.yahoo.com/quote/HTZ/holders?p=HTZ https://finance.yahoo.com/quote/HTZ/holders?p=HTZ
- fredophile 6y agoNot really sure what your point is.
- lend000 6y agoHertz insiders control less than 1% of voting shares. You will see similar numbers amongst most of the other older companies doling out executive bonuses. They did not have any power to grant themselves the bonuses. Keep in mind their overall compensation with the retention bonuses might still be significantly lower than their expected compensation pre-bankruptcy, due to the stock portion of their comp being near worthless now.
- fredophile 6y agoEvery member of Hertz board has been in a Cxx position with most of them having been CEOs [0]. Some of them may want to be CEOs again someday so it's in their best interest to keep executive compensation high. [0] http://ir.hertz.com/board-of-directors http://ir.hertz.com/board-of-directors