Quote:
Originally Posted by slavdogg
When a CEO loses money for it's investors he should be fired or replaces, as clearly happened here.
While most companies do have some sort of compensation packages for performance, they also have a base salary their executives at entitled to. $800k for a CEO or ex CEO executive doesn't seem excessive to me. If it seems excessive to you than tell me what are the comparable CEO pay packages for a non founder CEO of a publicly traded company ??
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I agree with you there, 800k for a CEO package is not insane for a company with the revenue that FFN has. Sadly, whatever CEO you put there, unless he can magically refinance something that was already horrible to begin with, I do not see a lot of possibilities for him achieving much... but, does obviously not change that he needs to be compensated for the work done.