Ok. So, a good executive can be worth a lot of money to a company. I don’t have anything against a nice pay package, all things considered. But it is literally criminal for an Executive to receive a huge payout when they deliver negative results for a company. In my opinion, Exec pay should be merit based. If the exec delivers outstanding shareholder value, a big paycheck should ensue.
So, how then about these execs? Just 72 hours before the company filed for bankrupcy, Lehman awarded the top 5 executives $100 million. Yep. You heard that right. They drove the company into the ground and got rich off of doing it.
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