The Home Depot CEO: enticing good employees to be bad
So, there's been another case of a high-level executive being paid a large sum of money for being fired: the CEO of Home Depot was fired with a $210 million severance package.
If these companies say that they have to pay huge sums of money to attract the best people for the job, where's the consistency in providing an incentive like $210M to run the company into the ground and get fired?
There's no consistency. The reason these deals get done is that board members drift between boards scratching each other's backs and giving each other a leg up within the system and, in doing so, undermine the system that's supposed to keep corporate governance in check.
Technorati: Home Depot, CEO, compensation