CEO: certainly extravagantly overpaid - Working Life - Statistical Data Included

T+D, Oct, 2002

* Lucent stock dropped 68 percent in CEO Rich McGinn's last year; he collected us$11.3 million and an $870,000 pension when he left.

* Nortel's stock fell 90 percent, and 30,000 employees lost their jobs; CEO John Roth departed with a $3.3 million bonus and $585,000 in pension.

* Xerox stock lost 89 percent of its value, and 5200 jobs were cut; CEO Rick Thoman got a severance package worth $4.8 million, plus $800,000 annual retirement pay.

Source/Parade

However, when Yahoo!'s stock lost 94 percent of its value, CEO Tim Koogle left with $0. Aw.

RELATED ARTICLE: Reality Check

When you slap co-workers with fines for not doing their share of work or sponging other people's work, the miscreants start cooperating. When there's no punishment, cooperation goes bye-bye, say researchers at Switzerland's University of Zurich.

Source/Self

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