Personal Finance Software - Mint.com
As shareholders and as a society, how do we allow CEOs to receive such high severance payments when they are effectively fired? For pretty much any other position in a company, you get a few minutes to clean out your desk and you're out the door. So, what is it about CEOs that makes them so special? Mark Hurd's bulky severance may be considered fair. Think about it, he doubled HP's stock price during his tenure. But what kind of incentive are we giving our leadership to give their all - to give every ounce of effort to building value - when they become so filthy rich when they fail?
