Interesting People mailing list archives
Re: CEO pay: What those involved in the financial meltdown made
From: David Farber <dave () farber net>
Date: Fri, 26 Sep 2008 18:18:42 -0400
Begin forwarded message: From: Rahul Tongia <tongia () cmu edu> Date: September 26, 2008 5:57:20 PM EDT To: dave () farber netSubject: Re: [IP] Re: CEO pay: What those involved in the financial meltdown made
Dave, [personal bias/observation]:I fully understand bonuses as being expected and part of compensation (e.g., on Wall Street), but in a more perfect world, wouldn't they be performance based? Then the challenge is how do you rate performance? Of the company as a whole, or that person? Salespersons get paid bonuses too. So how come we see Wall St. bonuses when we have losses, sometimes mindbogglingly huge losses? At that point, it's not a bonus. It's compensation. At least with stock options, there was the belief that they would benefit only when the stock did well - of course then people started playing with numbers, quarterly targets, etc. to manage the stock price...
Rahul ------------------------------------------- Archives: https://www.listbox.com/member/archive/247/=now RSS Feed: https://www.listbox.com/member/archive/rss/247/ Powered by Listbox: http://www.listbox.com
Current thread:
- CEO pay: What those involved in the financial meltdown made David Farber (Sep 23)
- <Possible follow-ups>
- Re: CEO pay: What those involved in the financial meltdown made David Farber (Sep 24)
- Re: CEO pay: What those involved in the financial meltdown made David Farber (Sep 25)
- Re: CEO pay: What those involved in the financial meltdown made David Farber (Sep 26)
- Re: CEO pay: What those involved in the financial meltdown made David Farber (Sep 26)