6 ms·
His pay package for yahoo is 27 million dollars, i wonder how much of that he will keep after he gets the pink slip? Probably more than I'll ever earn in 5 of
by maeon3 14y ago
His pay package for yahoo is 27 million dollars, i wonder how much of that he will keep after he gets the pink slip? Probably more than I'll ever earn in 5 of my lifetimes.
It doesn't seem fair. But I guess demand for ceo's is high and quality ceo's are scarce.
- thematt 14y agoStranger things have happened, but I'm not sure a golden parachute would deploy if he's indicted by the SEC.
- pavelkaroukin 14y agoHe got to the CEO position not because he had a CS degree. So it is totally fair to get that kind of compensation. On the other hand - it might be totally fair to be prosecuted for doing this... :)
- ScottBurson 14y agoI'd wager that quality CEOs willing to take this particular job are especially scarce.
- MartinCron 14y agoIf I had a nickel for every time I said "I could have run that company into the ground for half the price they were paying that bozo" I would have... a bunch of nickels and not be much wealthier than I am. Alas.
- eli_gottlieb 14y agoQuality CEO's my ass. Salaries for CEOs are high because they work like the mob's "cleaners" a lot of the time, and because they come from an exclusive club who all hire each other.
- ditojim 14y agoor because it is a very difficult, high stress job that very few people can actually handle?
- newbie12 14y agoOne reason CEOs are well-paid is so that all of the middle managers will strive harder in hopes of having the job someday. Another is that our corporate governance/capital markets aren't that competitive and lousy managers can insulate themselves from market discipline.
- eli_gottlieb 14y agoJudging empirically, I'd say most actual CEOs can't handle it. That doesn't mean they don't get their golden parachute! As I said, most CEOs nowadays seem to behave like mob "cleaners". You want them to come in, do the dirty work that needs doing, and then leave. You don't want them necessarily going somewhere else after leaving you. So you pay them a lot, because you want them to live quiet lives afterward.
- Produce 14y agoYou mean like being a code monkey at a web agency, yet they get paid shit all? You mean like hitting rocks in a mine all day until your back gives up on you, yet they get paid shit all? You mean like trying to run a farm and competing against giant corporations who want to take over your business? People at the top of the corporate and political ladders are excellent at one thing - bullshitting. Their job is the same difficulty as countless jobs which pay a tiny fraction of their salary. They're just good enough liars to convince everyone otherwise.
- michaelochurch 14y agoBingo. And the sooner we rise up and get rid of this club, the better.