The CEO needs to be focused on running the firm, not distracted by his or her own massive compensation package. Giving a new untested CEO tens of millions of dollars just seems whacked.
Time to stop repeating mistakes
It just seems we can look back at the last several years and watch the same mistakes made over and over again. Granted, the vast majority of us will have no control over any of this stuff, but many of us can pick and choose the firms we work for or contract with. Simply looking to see if the board and CEO are repetitively doing stupid stuff should be a natural test before we put our careers or major projects at risk with them.
Maybe if we make better decisions with regard to who we work for or employ then boards will get the message. But given these stupid things are company killers anyway I have little real hope that will happen, but at least we can protect ourselves better.
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