The Big Payout
September 30th, 2011 by admin in compensation, corporate culture, employment, management, Uncategorized
Eric Dash has an intriguing story in The New York Times today Outsize Severance Continues for Executives Even After Failed Tenures.
In it he recounts the compensation of executives who recently left companies and were essentially paid for poor performance.
Mr. Dash talks about the culture of the “superstar chief executive” and that corporate boards would rather hire one than groom internal managers.
Does this attitude contribute to the executive’s poor performance? And what message does it send to employees and stock holders?
Tags: corporate executives, leadership, management, severance, superstars
