CEOs Being Paid for Poor Performance

[marmar]

CEOs Being Paid for Poor Performance

Wednesday, 04 September 2013 09:13
By Sam Pizzigati, Other Words | Op-Ed


On Wall Street, they’re giving Microsoft CEO Steve Ballmer the bum’s rush.

Ballmer has just announced he’ll soon retire. After his announcement, Microsoft’s shares shot up 7 percent. The wise guys on Wall Street obviously can’t wait to see Ballmer go.

And neither can business pundits. Ballmer’s 13 years at Microsoft’s summit, they seem to agree, have been a huge disappointment.
Evidence certainly does exist to back up that appraisal. Microsoft, once a pacesetter, has become a second-tier presence in the hot new frontiers of mobile and cloud computing. Under Ballmer’s watch, Microsoft’s share price has dropped by about a third.

Meanwhile, Ballmer himself has done fabulously well. The value of his own personal Microsoft stock stash has jumped since 2000 — after years of lavish executive rewards — by more than $3 billion. ......................(more)

The complete piece is at: http://truth-out.org/opinion/item/18585-ceos-being-paid-for-poor-performance

[onehandle]

1. Being paid for being Bill Gates' College Roommate.

I know a number of people in Redmond. They are pretty happy.

[FreakinDJ]

2. CEOs are paid for their political connections

And ability to raise a corporation "Above the Law"

[xchrom]

3. du rec.