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What I was saying that you would not see this sort of compensation if it wasn't for the bailouts and cheap credit because any company who would attempt to do so would go bust
Obviously you've never heard of the 80's or 90's or housing boom. Plenty of huge compensation packages happened pre bailouts. How exactly would they go bust?
What I was saying that you would not see this sort of compensation if it wasn't for the bailouts and cheap credit because any company who would attempt to do so would go bust
Obviously you've never heard of the 80's or 90's or housing boom. Plenty of huge compensation packages happened pre bailouts. How exactly would they go bust?
What? YHOO - which has great libraries but nonetheless - would have had a hard time making it through 2008 without the bailouts, credit was rightfully tight and banks were calling in loan facilities. You can be sure that $58.000.000 golden parachutes would NEVER have materialized. It's the same crap the TBTFs are now peddling claiming that they have to "retain talent" with "competitive pay" AKA million dollar bonuses. It's bullshit. In times of economic boom you obviously encounter escalating pay, but certainly not during a major recession.
Rin
2014 Apr 23, 10:47am
Plenty of huge compensation packages happened pre bailouts.
Yeah, but typical loser CEOs were in the $10-15M exit strategy category back in yesteryear. Sure, they made out well, despite failing but at least the damage was contained.
Getting $58M in 1.5 years, as a dud, is becoming the new trend. It's more or less getting money to help liquidate a company but without a private equity/corporate raider firm in the middle.
Yeah, but typical loser CEOs were in the $10-15M exit strategy category back in yesteryear. Sure, they made out well, despite failing but at least the damage was contained.
Well, this guy's was $17M until the Yahoo stock price went way up.
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http://money.cnn.com/2014/04/17/technology/de-castro-yahoo-pay/index.html?hpt=hp_t2
I'm sure his brilliant intelligence, special ability to work with people, knack for advertising, and commitment to the company earned him every penny.