Originally Posted by witeshark
Well that kind of greed from CEO's needs to end in any case.
It does need to end but I personally don't think the threat of prison will be enough. The real owners of the companies (the ones with the mutual funds) need to step up. They need to take back control of their companies. Even when boards do vote against ridiculous rules with loopholes that prevent CEO's from getting fired even if they were caught driving drunk and committing reckless homocide if they say they were actin gin the best interest of the company and didn't know it was illegal, the management isn't required to accept the rulings and routinely avoid them. Oh, and check this out: Tyco's bonus cap (the last I heard) was set at 200% of base salary. It used to be 600%-700%. Ok, sorry, rant over.