Executive Comp: When enough is enough!

redsoxrule

Has anyone else been following the recent news coverage on Yahoo CEO Terry Semel? 

As Google shares have surged to four times that of Yahoo's shares, Semel somehow has managed to still receive a compensation package in 2006 valued at $71.7 million...more than any other chief executive out there. 

I'm not doubting that the guy works hard, but what about his shareholders?  They must be livid!  And what does one buy with $71 million a year, anyway? 

 

 

KMoore1

Google stock?

bevhunt

I have been given the argument that corporations must pay CEOs and other high-level execs exorbitant amounts in order to attract the best.

What gets me is when they are rewarded for coming in and laying off a high percentage of the workforce (maybe putting an entire town or region in financial jeopardy) or merging or selling the company and having it shut down entirely.

 

fisHRman

Hey, let's adopt the Japanese compensation system where the highest exec can only make 7 times what the lowest worker makes.

Certainly would make my  job easier!

GoPatsNH

I think that is a fabulous idea! And we wonder why the middle class is fast disappearing and we are becoming a two-class nation. No one needs to make that much money, it's greedy and just plain wrong.

regdunlop

i doubt any one of us would turn down $71 million in compensation, even if our company's performance trailed a competitor's.  i don't blame the CEOs unless they have something to do with setting their pay, commit fraud, or layoff workers so the companies can pay their salaries. i blame the compensation committees. i know jim 'mad money' cramer has questioned semel's leadership many times. maybe the pay disclosure will be the straw that breaks the camel's back.