There is no question that being the CEO of a large organization in America is a guaranteed road to fabulous wealth... Even if you screw up big time. Today's news that Stan O'Neal, CEO of Merrill Lynch (I used to work on the account at JWT) will walk with $200 million in his pocket after losing the company $8 BILLION in the last few months, doesn't surprise me in the least. Bob Nardelli left Home Depot, after six years of driving the stock into the dirt, with an accumulated pay and golden parachute package of nearly $800 million. Now he's the head of Chrysler! Even in my neck of the woods, Boise, the CEO of Micron was just awarded a $7 million bonus after twenty consecutive losing quarters and laying off thousands of workers. The reason given was that the board felt this was necessary in order to retain his valuable services. To which I have to ask... In God's name... Why?
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Works for me!
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