So far, 91 people have taken the poll, and results indicate the following:
- CEOs get well paid for what they do. Thirty percent of respondents describe their CEO's pay as "adequate," while 20 percent describe it as "generous"; 27 percent describe it as "over the top," and 15 percent described it as "out of control."
- The jury is out on whether CEOs are worth the money they earn. On the plus side, 15 percent of respondents say their CEOs are "invaluable," and 28 percent say they're "positive on balance." At the other end of the scale, 13 percent say their CEO should be fired.
- The best CEOs are the ones that have done it before. "Veteran CEOs" are best for startups, according to 36 percent of the votes, and are best for public companies, according to 52 percent. Original company founders get quite a high rating (27 percent) as CEOs for startups but get a much lower rating (7 percent) as CEOs of public companies.
— Peter Heywood, Founding Editor, Light Reading
in the situation of Pat Russo her compesation may be calculated by financial performance, but she is allowed to cheat on this calculation.
last year when lucent made the profitable quarter first time, she cheated by using monies from pension funds.
last quarter she cheated by selling Corning stock.
in this way she makes it that she is performing well financialy and justifys her compensation.
how to guard against this abuse?