Annals Of Ridiculous Exec Comp: A $12 Million Howard Schultz 'Retention Bonus'
By Jeff Bailey
Executive compensation among publicly-traded U.S. companies is a sprawling smorgasbord of cash and equity and guaranteed pensions – seemingly limited only by the appetite of the CEO to gorge him or herself. But we hold in special scorn those individuals who have already attained billionaire status thanks to stockholdings in the companies they run, and yet who continue to feast as if their next meal was in doubt. See here for a special list of these ravenous types. Why do the billionaires, say, like Larry Ellison of Oracle (ORCL), get special scorn? Because their huge stockholdings in the companies they run give them all the incentive they need to show up for work and do a great job. We suspect that if boards of directors at such companies suddenly grew spines and told the CEOs they’d have to work for nothing – no salary, no bonus, noComplete Story »