CEO Gold Rush
Publicly traded companies have come under scrutiny of late because of the exorbitant amount of money being paid to CEO’s. Most recently, Robert Nardelli left his CEO post at Home Depot with a nice parting gift that amounted to over $200 million. Not bad for a guy who was let go!
Many argue that the exorbitant money paid to CEO’s is the going rate for the top notch guys (or most connected guys). They also argue that the private sector’s CEO salary/benefits package has driven up the cost of CEO’s in publicly financed companies.
Whatever the case may be, these guys are making out like gangbusters, whilst the average worker toils for sub par wages and reduced benefits. It sure is a great time to be a CEO! And they are very much on the defensive about what they are entitled to, after all, everyone is after their lucky charms! Look over the rainbow…it’s a CEO with a fat pot of gold!
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