Ceo's Lost with Credit Crunch

K

kiepie

Executive Member
Joined
Aug 18, 2006
Messages
6,754
Reaction score
31
Location
Roodepoort, Gauteng
Among the investors feeling the most pain are some of the chief executives, who garner a big part of their pay in the form of company stock.

Spare Dime...(local)

Stock ownership is defined as company shares held directly by the executive, in addition to restricted stock or units. Options are not included. Information is based on each company’s most recent proxy filing and does not include any subsequent sales
Click to expand...

International Link

Ouch! :rolleyes:
 
Stock options is a popular form of remuneration, particularly in the USA. So they get rich, whilst not lifting a finger.

Now that the times are tough they're feeling the pinch. No sympathy for them whatsoever...
 
But don't cry for Fishman, who reportedly was sky-high — literally — last night, on a flight from New York to Seattle, when WaMu collapsed. Even though he's only been on the job for less than three weeks, he's bailing out with parachute worth close to $20 million, according to an executive compensation analysis conducted for the New York Times by James F. Reda Associates.

That's right, $20 million for 17 days on the job ... and his company failed.
Click to expand...

http://www.foxnews.com/story/0,2933,428641,00.html
 
Indeed.... maybe they should sell the Lambo, that will probably yield enough cash for them to live for a year.

Shouldn't the title of this thread be "CEO's Lose with Credit Crunch"?
 
Last edited:
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X