"JimH" wrote in message
...
On Sep 16, 9:58 pm, "Eisboch" wrote:
"Calif Bill" wrote in message

m...



"wf3h" wrote in message
...

the CEO gets a $40M golden parachute, free health care, servants and a
free house.

you're right; i feel sorry for them.

Jealous? Not all get a golden parachute.

Of course they all don't, but in some circles perpetuating that kind of
spin
keeps the myth going and the mud flying.

They also don't seem to realize that whatever perks, golden parachutes,
pay,
bonuses, etc. are negotiated up front as part of the CEO's employment
contract. Critics should be focusing their outrage on the people (usually
the Board of Directors) who approve these contracts, not the people that
get
them. But, guess who the Board of Directors work for? The stockholders.
So, it comes full circle.

I'd love to see certain people refuse a job contract like that, in the far
fetched concept that it would ever be offered to them.

EIsboch

That makes it right?

Pure bull.

Who said it is right. If someone offered you a job and said if they have to
fire you for most any reason, They will give you $50 million, you would turn
down the contract, and say nope? Unemployment is enough for me. Ha! Part
of the problem is the SEC who does not really protect the stockholder via
some of the voting rights, and the huge State Pension Funds and mutual funds
who do not toss a BOD of 2 when they offer these packages. Would end the
practice quickly.