The Five Most Overpaid CEOs

H

HardOCP News

[H] News
Joined
Dec 31, 1969
Messages
0
CNN Money has posted an interesting list of the 5 most overpaid CEOs. While the CEO of Abercrombie & Fitch actually took top honors I think the guy that was overpaid for BJ Services should have been awarded the pole position. Thanks to GJSNeptune for the link.

To make the list, a CEO had to have total realized income -- including base salary, bonuses and stock -- of at least $30 million last year. At the same time, the share price of the companies they oversaw had to have underperformed rivals and the broad sampling of stocks in the S&P 500 over the last five years.
Click to expand...
 
I'd have to disagree with the Comcast one. They claim that -7% on the stock makes him overpaid, but the reality is that in the same time period the DOW was -30% and the S&P/NASD were down 35%. Add to that the face that Dish network, TineWarner Cable, and Time Warner Inc were down 37%, 25% and 42% respectively and I'd have to say that Comcast came out well ahead of market.
 
Ya I laff everytime I see the BJ's Wholesale Club building, but BJ Services is even better :rolleyes:
 
From the looks of it BJ Services deals with a lot of pipe, fluids, and pumping.
 
The CEO of BJ Services is pumping the company for all the money he can. :p
 
AceGoober said:
The CEO of BJ Services is pumping the company for all the money he can. :p
Click to expand...

Yup. He's sucking it dry.

lol @ A&F. You'd think they'd be doing well considering how the masses go crazy for their fairly poor quality items.
 
Dev1ant said:
Yup. He's sucking it dry.

lol @ A&F. You'd think they'd be doing well considering how the masses go crazy for their fairly poor quality items.
Click to expand...

When mommy and daddy get foreclosed on they don't have the $ to go buy their kids tshirts for $29.99 anymore -> A&F stock plummets
 
i think they way they are looking how they are overpaid is wrong. you can just look at stock prices only and compare them. that is basically what CNN is doing.
 
Where is AIG, GM, BOA, and countless other CEO's that shouldn't have gotten crap after we saved their asses
 
the worst thing is the people who let this stuff happen

suck shit to all shareholders ripped off by this, guess what?

YOU should of done something
 
Yeah, I gotta agree the formula for picking the worst is a little bit flawed here. If you ran your company so badly and had to be bailed out by tax payers, then the fact that you still receive a paycheck at all should put you at the top of the list. Of course it is a little ironic to be pointing out the flaws in the judging criteria when the whole system itself is flawed. This is almost like picking the ugliest guy/girl contest, does anyone really win?
 
punkrockpolak said:
I want to be an overpaid CEO.
Click to expand...

Everyone would like money they didn't earn. I'd be happy being paid what I'm worth as determined by what I added to the net annual earnings. In other words, If the company lost money, I worked for free but, if the company turns a profit, I get a percentage.
 
phiquach said:
i think they way they are looking how they are overpaid is wrong. you can just look at stock prices only and compare them. that is basically what CNN is doing.
Click to expand...

They're leaving alone those that took out bailouts and continuing the liberal attack on captialism.
"These guys made so much more money than you and their stocks went down. They're evil"
"What we won't tell people is that almost everyones stock went down like BJs"

While most America thinks CEO's don't do shit, the last 3 companies I've been at (one of whom is a major multi billion dollar company) The CEO's worked 12-14 hour days and barely had time to see their families. All in the name of trying to make money for the company so they would be compensated accordingly to provide for the family they can't spend time with.

Being a CEO takes more than just intelligence, it takes a particular mindset. One of total dedication to ones work.
 
Lebowski said:
................... worked 12-14 hour days and barely had time to see their families. All in the name of trying to make money for the company so they would be compensated accordingly to provide for the family they can't spend time with.
...............................
Click to expand...

That is the American way. Work for more money so you can spend less time with your families for which getting more money would mean spending more time with your family, which does not happen.:D
 
I know if I was a CEO for a respectable company and I made lets say 10 million a year (which by the way who doesn't want to make this amount) then my company cut my salary in half I would leave. You guys honestly think there are CEOs out there that can turn companies around on a 100,000 salary?
 
Well, Steve Jobs does make $1/year. Look at Apple's stock performance. :p

Yes, I know about his stock options and G5.


roaf85 said:
I know if I was a CEO for a respectable company and I made lets say 10 million a year (which by the way who doesn't want to make this amount) then my company cut my salary in half I would leave. You guys honestly think there are CEOs out there that can turn companies around on a 100,000 salary?
Click to expand...
 
In these economic times, and the way that economy is trending, putting all of the blame pie on the CEO's for the stock price/company losses just seems unfair to me. Just about all companies around the world have fallen on hard times. From the little mom and pop restaurants to the big tele-com companies are feeling the pinch. And the companies that are the hardest hit are the boutique stores like Abercrombie. Who knows what may have happened to these companies if there was a real ass-hat running them...for all that you know, some of these guys may just have saved some of these companies from closing their doors for ever.
 
You must log in or register to reply here.
Back
Top