Feb 20, 2009

More CEO concerns

(left-click to enlarge image)

It must be just me ... but I cannot understand how CEOs are able to command such salaries when they do not perform. Why aren't their salaries tied to performance???
In this instance, he tried to mitigate negative feedback by giving $3M to charity (instead of leaving it at the bank??) of the $11M he received ... when TD shares fell 37.5% in 2008. 
HOW ARE CEOs ABLE TO RECEIVE SUCH HIGH COMPENSATION WHEN THE COMPANY PERFORMS SO POORLY?
And this is one of those banks that withstood the current recession much better than all other banks in the major countries!

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