Poor performance by Management = 13.1 million dollars for them and Layoffs for the rank and file!

From a recently published MSN Money article

Then we looked for the CEOs with the fattest compensation packages -- including base pay, stock grants and the value of options awarded the chiefs, as calculated using the Black-Scholes model, a common tool for valuing options.

We also asked S&P to help us find the CEOs who collect the least pay in exchange for the best performance.

Sun Microsystems (SUNW, news, msgs) paid Scott McNealy, its CEO, chairman and founder, $13.1 million a year over the past four years, even as Sun's shareholders lost 76% of their money.... their stock is still in the toilet and recently spent 4+ billion for a tape company.

Tell me again why we shouldn't be considering outsourcing the boardrooms of America's corporations?


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