Ritholtz: CEO’s Paid for Volatility, Not Performance

Making the Janitor’s Annual Salary . . . Every 3 Hours! The inimitable (and frequently bombastic) Barry Ritholtz, author of The Big Picture blog, has a great post today dissecting absurd CEO compensation titled “American Pastime: Overpaying CEO’s.” His piece basically picks up where my post last Thursday (“Parsing Occidental CEO Ray Irani’s ‘Excellent Performance'”)...
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Parsing Occidental CEO Ray Irani’s "Excellent Performance"

Obscene Exec Pay: Exhibit A In a year when pay for chief executives overall fell, Ray R. Irani came out on top. The longtime head of Occidental Petroleum was awarded total compensation of $52.2 million, up from $49.9 million in 2008. The oil company’s directors believe in “excellent pay for excellent performance,” and Mr. Irani’s...
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