Another Sign of the Impending Demise of American Business
When a bad CEO walks away with $35 million dollars for doing a bad job there is a serious problem with corporate America. I read this over on Dan Gillmor and the title of the news article is Ousted EDS Chief Pockets Hefty Severance.
Just how in the hell such a huge severance package can be sold to a board of directors is unbelievable. But then, Dan sums it up nicely by saying the reason he got all the money is because he's part of the CEO club, which is nearly impossible to break into but once you're there, you can't be fired no matter how badly you do your job or how much you embezzle.
Its sickening to think of these poor excuses for businessmen destroying a company, basically stealing people's investments and flushing them down the toilet and then walking away from the smoldering wreckage and laughing all the way to the bank and their next CEO gig. Its like lower level actors in Hollywood who keep getting roles and shows (Colin Quinn anyone? the guy's NEVER been funny and yet he keeps getting on shows, why? or Martin Short, another talentless waste of space) only much more detrimental.
Is there any way to stop this bullshit from happening? I'd love to hear some ideas.
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