Brian C
2008-04-20 18:12:57
Michael Ovitz did a terrible job as the CEO of Disney. Yet, upon firing, he took $80 million dollars severance. Did he deserve it?
The problem with the excessive CEO compensation is that it creates a logical conundrum when faced with cost-cutting: why fire workers when just lowering the CEO’s millions might do as much good for the bottom line? (I speak of perqs, corporate jet, club memberships, etc.)
