Bad CEOs Must Not be Compensated, Cut the Golden Parachute.

We have discussed how bad cops continue to remain on the job and threaten the very fabric of our law enforcement entity. We have also discussed how bad city administrators continue to remain in power and mismanaging the very integrity of our municipality. Now, we ought to talk about the most unbelievable injustice openly happening in front of our eyes - corporate executive pay, regardless of performance.

Link to ABC's Nightline report

Link to MSN's MoneyCentral article

These individuals who have practically driven their companies into the dirt, should have been fired and possibly even charged with 'white-collar' crime. Bad CEOs must not be rewarded and must not be compensated with any 'golden parachute'. It is a disgrace to the rest of all the hard-working people in the companies who have conducted themselves with honesty and integrity. It is a slap in the face to all the customers who have depended on institutions such as Enron, Worldcom, Countrywide, Tyco, and so on. It is truly up to us to make it known that we will take it personally, and we will take it stand with our wallets, because there are always other companies who would cherish us as customers and would do all they can to earn our trust and our business.

No comments:

Post a Comment