Here's something you don't read about every day. An outgoing CEO of Delta Airlines is refusing a bonus and stock options because it wouldn't serve any good and would be better spent on the employees.
That's the kind of leadership that you should look for in a CEO. The kind that can look out for the employees rather then themselves. Sure, CEO's have no personal lives to speak of much and they are working constantly, so they do deserve a higher salary, but there does come a time when a person should say "enough is enough".
CEO salaries have gotten WAY out of hand lately and it's time to reign them in. Salaries for top executives should be based upon performance, length of service, and leadership. Good CEO's should be making millions if their company does well and they should be making significantly less when they are doing poorly.
A perfect example is former HP CEO Carly Fiorina. She took bonuses in the millions of dollars when HP was performing very poorly. She fired 39,000 people, and created a minor disaster when she convinced everyone to purchase Compaq. It was then found out that she had a contract that stated that she would get a bonus if the merger went through. That's sneaky and underhanded and she should have been penalized for it. However, she wasn't and when she was fired, she was given bonuses that exceeded a lifetime's worth of salary for even top engineers at her company.
If your company doubles or triples in value during your tenure, there's no problem at all for you getting a $10 million dollar bonus. If your company loses extreme amounts of money during that time, you should get no bonus and only a small yearly salary.
Travis
travis@rightwinglunatic.com
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