re: #133 First As Tragedy, Then As Farce

My favorite aspect of the typical corporate pay structure is that a CEO even gets a bonus when s/he gets fired for skillfully piloting the company straight into the ground.

I imagine the board of directors saying, “through your actions, inactions, incompetence, and failed adventures, you have cost thousands of employees their livelihoods; dragged this company’s reputation through the mud; and made our name a laughing stock in the very industry we helped create. You couldn’t be trusted to run a bath, much less a mulitbillion-dollar corporation. You’re out. Now, take this $20 million severance check and go think about the harm you’ve caused.”

The justification for the obscenely high CEO pay is “they have a highly specific skill set and if they are not paid what they think they are worth, they will just go somewhere else and get what they want, there is that much competition!”

GET GOING!