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.
