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by Sean McCormack.
Original Post: Rant Follow-ups - Commercials and Executive Compensations
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Cars
at Employee Prices - Damon
makes a good point about CEO compensation no longer being tied to company performance.
In addition to his examples, I think the airline industry is an excellent
examples. It's receiving multi-billion dollar bail-outs from the government
and most companies have been in bankruptcy for the past several years - with several
lay-off rounds - yet the executives continue to receive bonuses, perks and golden
parachutes. I'm a big fan of capitalism, but not when it's stupid.