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corporate governance

My Strategy for Reining in Obscene CEO Compensation

Average Fortune 500 CEO Annual Pay Now > $15 Million.  A YEAR. “A Walmart employee earning the company’s median salary of $19,177 would have to work for more than a thousand years to earn the $22.2 million that Doug McMillon, the company’s chief executive, was awarded in 2017.” –“Want to Make Money Like a C.E.O.? Work...
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Comparing Former RJR Nabisco CEO F. Ross Johnson, 9/11, and Richard Nixon

WSJ Obituary:  “RJR chief’s exploits helped push boards to be more vigilant” “F. Ross Johnson is mainly remembered for the fleet of corporate jets that ferried him to celebrity golf events and other luxurious perks he awarded himself as CEO of RJR Nabisco Inc. . . . Yet the Canadian-born executive may have done some...
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“Where are the Shareholders’ Yachts?”

Risk Without Return, Pay for Non-Performance  An out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor. He said, “Look, those are the bankers’ and brokers’ yachts.”  “Where are the customers’ yachts?” asked the...
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