Boards of directors, for that matter even school boards, end up becoming "good ole boys" networks because of the opportunities for power and wealth. While they should be the watchdogs, they end up instead finding out the networking they can get with the people they're supposed to oversee gives them good exposure and political name recognition.
The members are often so far removed from the individual investor or, in the case of the school board, the individual students and teachers, that they simply rely on the word of the CEO or superintendent for all their information. Naturally that person only presents their achievements and not their failures.
My wife served for a short time on a school board and went at it as an advocate for children and immediately ran into huge opposition from the established clique. It was an eye opening experience. I can only imagine after seeing it on that scale how bizarre it can get on the grand scale of multi-billion dollar corporate conglomerates.
Art
Flame » in reply to Methods of setting CEO pay have failed
re: Methods of setting CEO pay have failed
The whole thread (46 posts)
- Leftist feeding frenzy
- Methods of setting CEO pay have failed
- "There’s deeply rooted anger on the part of the average American,"
- Did you ever consider
- Looks to me as if the feeding frenzy happened, and did in the economy.
- Gosh, I guess I'll have to start cheating on my taxes again and backdating my stock option exercise dates!
- Hello? It ain't the CEOs cheating on their taxes.
- CEO pay soared during the Bush years, at twice at the rate of average salary increases
- "Good Lord, is anything that's going on sinking in here at all?"
- Sinking in your own hole
- there is about one sentence in that whole screed that is true
- There is no doubt in your mind you believe that.
- re: There is no doubt in your mind you believe that.
- Bowser, it's word for word out of the mouths
- Sinking in your own hole
- Hello? It ain't the CEOs cheating on their taxes.