[MLUG - DISCUSSION] too much is too much for our richest CEOs

[Mike Miller <EMAIL:PROTECTED>]

> From New York Times:

- QUOTATION OF THE DAY -

"We're aghast at the level of compensation that Nardelli is walking away 
with. This is money directly out of shareholders pockets."

- RICHARD FERLAUTO, director of pension investment policy for the American 
Federation of State, County and Municipal Employees, on the $210 million 
exit package for Robert L. Nardelli, the chairman and chief executive of 
Home Depot.

http://www.nytimes.com/2007/01/04/business/04home.html?th&emc=th


Read more here:

http://news.google.com/news?q=nardelli


How aghast should people be?  The problem seems to be that Nardelli was 
given a massive offer when he was hired.  He knew when he left what he 
would be getting.  It makes me wonder if these big companies (e.g., Home 
Depot) should be hiring someone at a lower wage.  Every company wants to 
save by paying lower wages, just not for the CEO, I guess.

Mike

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