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Outrageous CEO Compensation

This article was written by in Career and Work, Salaries. 4 comments.


We’ve all heard the reasons (sometimes excuses) for the fact that many CEOs are compensated orders of magnitude higher than the working class or middle management. Perhaps sometimes the justifications have merit. How about when corporate profitability or performance has plunged under a CEO’s guidance?

Here is MSN Money’s list of the most outrageous offenders:

* Patrick Nettles at Ciena, compensated $41.2 million over the past four years as the share price has lost 93%.
* Jure Sola at Sanmina-SCI, paid $26.4 million during the past four years while Sanmina shares fell 78%.
* Scott McNealy at Sun Microsystems, given $13.1 million a year over the past four years as shareholders lost 76%.
* Larry Johnston at Albertson’s, rewarded $76.2 million over the last four years while shares fell 39%.
* Peter Dolan at Bristol-Myers Squibb, paid $41 million while the stock fell 48% over the past four years.

Updated February 6, 2012 and originally published August 24, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 4 comments }

avatar Darren R. Sussman

I can’t even fathom being paid $10 million (or more) a year. Especially if the company is losing money. I just can’t even imagine it. How could any person be doing a job that is seriously worth THAT much money?

avatar doobie77

When Reid Sound goes public, can I get to be CEO? I can guarantee that shares would tank at least 90% upon my arrival and I’d only ask for 35 million…a relative bargain compared to Mr. Nettles.

avatar Alex Givant
avatar Sylvie

Just another example of them vs us. Tiered society and bifurcation all sanctioned by our goverment and thier love affair with corporate america. Pandering to those who can buy thier votes and influence.

A long as we don’tde,and accountability the rich will squander our collective rights.

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