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

["Vern Green" <EMAIL:PROTECTED>]

I am not sure I totally agree with you but I think I do.

 

The point here is these compensation packages are put together by those very people who are firing him. I am sure they go through a lot of negotiation to get to that point with a good portion of the buyout negotiation taking place before a contract is accepted.

 

Of course the person claiming to be "aghast" is not one of those making that decision.

 

I really don't see the Home Depot board being all that concerned about the pay for the CEO, I see them being concerned with return on investment. This is something that every business considers. Excepting education and government employees, those people who are not performing their job up to standard are in danger of losing their job. This is what has happened with this CEO.

 

On 1/4/07, Mike Miller <EMAIL:PROTECTED> wrote:

>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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Thanks
F Vernon Green 
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