10-06-2011, 09:05 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,916
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Quote:
Originally Posted by whell
I think you're way over-generalizing from way too few specifics. It may work that way at some firms, but by far and away certainly not all.
But again, so what? What does it matter what someone makes?
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From the linked article in the OP:
Shareholders at the company, one of the nation’s largest biotech firms, had lost 3 percent on their investment in 2010 and 7 percent over the past five years. The company had been forced to close or shrink plants, trimming the workforce from 20,100 to 17,400. And Sharer, a 63-year-old former Navy engineer, was already earning lots of money — about $15 million in the previous year, plus such perks as two corporate jets. The board decided to give Sharer more. It boosted his compensation to $21 million annually, a 37 percent increase, according to the company reports.
Then I post an article showing that the compensation committee were chums handpicked by this very executive. And you see nothing wrong with this? WTF?? 
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