Summary: Do Ceos Get Paid Too Much
Do CEOs Get Paid Too Much
A CEO’s compensation package affects everyone within a company. Often it can be considered the yardstick by which all other employee benefits and bonuses are measured and negotiated.
General Global, an eminent electronics and telecommunications company administered one hundred million dollars to it’s CEO, Bill Hogson, in 2 years’ pay and bonuses. Hogson had only worked for the company for less than a year and throughout that time, the company’s performance was poor and insignificant. After harsh disagreement with his superiors, Hogson chose to step down (with his exit package). Hogson was replaced by Janice White, the former CFO of General Global, whom Hogson had fired a month earlier. White asked the board to
A CEO’s compensation package affects everyone within a company. Often it can be considered the yardstick by which all other employee benefits and bonuses are measured and negotiated.
General Global, an eminent electronics and telecommunications company administered one hundred million dollars to it’s CEO, Bill Hogson, in 2 years’ pay and bonuses. Hogson had only worked for the company for less than a year and throughout that time, the company’s performance was poor and insignificant. After harsh disagreement with his superiors, Hogson chose to step down (with his exit package). Hogson was replaced by Janice White, the former CFO of General Global, whom Hogson had fired a month earlier. White asked the board to