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The underlying issue is the lack of shareholder-oriented corporate governance. The executive bonuses are one of the symptoms of that. Alcoa has 107K employees
by patrickg-zill 18y ago
The underlying issue is the lack of shareholder-oriented corporate governance.
The executive bonuses are one of the symptoms of that.
Alcoa has 107K employees and is considered well-run, the CEO gets about $8M per year. Verizon, a huge 228K employee company - the CEO gets under $6M per year.
Compare this to Nardelli at Home Depot - under his watch they screwed up and allowed Lowe's to come in and take over a big profitable chunk of the market, among other mis-steps. Nardelli walked away with some $240 million in compensation along with a huge severance package.