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.