I find it an interesting "test" to run down the list seeing how the pay raise/decline tracks the stock rise/decline. Answer: not very accurately.
Funny, I find it interesting that some of the wealthiest guys are at the very bottom. They don't take much in pay, but a surprising number have created real wealth, e.g. Warren Buffet and Steve Jobs.
But the real joy comes from the horror stories:
- On the flip side, some of they guys with the biggest pay have destroyed their company's equity, e.g. John Thain of Merrill Lynch is "tops" in pay, the #1 guy at $83.79M, but he creamed his company. Its stock plunged 41%.
- A guy like Steve Odland of Office Depot saw his salary go up by 85% as he managed to wipe out 64% of the shareholder equity. Does that make any sense?
- Kerry K. Killinger (love that name!) was 112th on executive pay with a take home of $14.36M while blowing away (I can't resist, "killing") 65% of shareholder value. Do you think they felt they got their money's worth?
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