Some of the CEOs named in the article include the Shaw Group Inc. CEO who is claiming a $17M compensation for not competing with the engineering company upon his death. To see how ridiculous this gets, a Texas oil co. CEO was awarded an unbelievable $158,000 car allowance, yaani no shame.
Monday, June 16, 2008
Greedy CEOs Line Their Caskets With Millions
I'm all for an incentive driven society, the sheer appreciation of hard earned money, one's reflection and compensation of his/her toil and sweat. These are fundamental principles so ingrained in me that I've learnt to live up to, appreciate and expect in life. That said, you can only imagine how floored I was by a Wallstreet Journal that read, "Corporate CEOs whining for after death compensation." It went on to state that these greedy fat-cats are seeking massive death benefits in the hundreds of millions. How preposterous, they claim that an increase in shareholder value during their tenure justifies this outlandish compensation.
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1 comment:
Thats an apt title... lol. At least they have a semi sound argument though unlike our African leaders who get paid millions for nothing years after they get out of power. The discrepancies of our leaders and the men and women who control the purse strings.
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