Ok, so now governments, regulators and boards have more ammo to shoot down excessive CEO packages.
"Excessive", now that's any interesting word. In my book, no-one is worth $2m, $3m, $30m (and more), no matter what their job is! If a coy wants to retain a "good" ceo give him/her a decent salary and options expiring in 3, 4 or 5 years AND make the options exercisable just before expiry.
Performance based pay is total crap - the criteria used to measure performance in recent years has been shown to be totally bogus. Its about time bonuses and performance criteria were cleaned up.
But will anything actually be done?
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