If you're one of the three people who're currently watching the CBS Evening Fluff featuring perky news-reader Katie Couric every night, you'll probably be familiar with the story she ran last night. She incredulously wondered why the CEO of TheHomeDepot, Bob Nardelli, was fired, but with a golden parachute worth 210million dollars. She cited the contradiction between the golden parachute package and his lack of results as CEO.
Hey Katie, take a look in the mirror sister. CBS News viewership has dropped below what it was with the hapless Bob Sheiffer who you replaced. Nobody watches your show, yet you command a 15 million per year salary? How does that make sense? According to you, the results you produce in your job should be directly reflected in your compensation, whether it's good or bad. Based on your production in terms of ratings, you should be making like 100K a year.
I guess legally negotiated employment contracts are appropriate only for liberal, news readers and not for eeevil, capitalist CEO's.