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Old 08-08-2010, 06:48 PM   #11 (permalink)
FuglyStick
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Location: Southern Illinois
Quote:
Originally Posted by Baraka_Guru View Post
CEO isn't the only executive position these guys will fill.

It's also difficult to find positions on professional sport teams.

It's not just about available positions; it's about making enough money available to attract the talent you want.
Okay, BG, I see what you're getting at, and I thought of the sports analogy as well. But that assumes a few things. First, that an executive (to avoid just singling out CEOs) that can do his job well, consistently, is as rare as, say, an Albert Pujols, and that no one else can step into that position and do it as well. Second, Pujols must perform to make his salary. If he was to suddenly retire, he's not given a bonus.

I am probably in danger of being thrown in the paddy wagon and hauled of to Tilted Paranoia, but "golden parachutes" sound like retroactive extortion to me. It's as if everyone who has a big oak desk in a top floor office got together and decided to tack on "golden parachutes" as a means to sweeten an already brimming over pot.
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