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

["Vern Green" <EMAIL:PROTECTED>]

Yeah, that is the difference between having pretty standard skillsets that a great many other people have, and having a skillset that very few have. Face it, there are more rockstars in the world than their are CEOs of companies with more than 38 billion in assets.

 

Home Depot ranks 72 on the Forbes top list. When 87 billion in market value is at stake, 210 million becomes chump change.

 

 

 

On 1/4/07, Nowlin, Dan <EMAIL:PROTECTED> wrote:

$210 Mill for getting fired.  Man, I need to find a job like that.  Every time I have been fired I have been lucky if I get unemployment.

 

Daniel Nowlin

IATS Datacenter

 

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From: EMAIL:PROTECTED [mailto: EMAIL:PROTECTED] On Behalf Of Vern Green
Sent: Friday, January 05, 2007 12:57 AM
To: MLUG Off-Topic Discussion
Subject: Re: [MLUG - DISCUSSION] too much is too much for our richest CEOs

 

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.

 

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Thanks
F Vernon Green 
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