Originally Posted by BucEyedPea
Oh and it seems to me the shareholders are dealing with the matter by voting that CEO out.
What's the problem?
It usually takes an act of God for shareholders to vote a CEO out. And in most cases, the CEO has already done damage to the shareholders by the time he is voted out. And other cases, you have boards in cahoots with the executive that don't hold their executives accountable and serve the executives, not the shareholders.
It is an absolutely crooked system. And it needs to change. CEOs can get paid whatever they want, but they should be held accountable for poor performance and there needs to be improvements for how shareholders can more democratically provide a voice to the process. It is absolutely laughable that anyone would applaud a $30M bonus for getting fired.