I wrote about Brett Favre’s sense of entitlement, this weekend, but no one has a bigger sense of entitlement than Joe CEO — the guy who failed as a leader but leaves your organization with a little coin in his pocket.
- Companies Tap Pension Plans To Fund Executive Benefits – WSJ.com At a time when scores of companies are freezing pensions for their workers, some are quietly converting their pension plans into resources to finance their executives’ retirement benefits and pay.
Here’s the Punk Rock HR rule for operating yo’ business:
- It’s time for your company’s board of directors (and the compensation committee) to be investigated for negligence if earnings are in the toilet and your CEO is asked to leave under the sweet-ass terms & conditions of his employment contract.
Golden parachutes are unethical and unfair, and they run contrary to everything that ‘the free marketplace’ stands for in America. If you can’t attract a CEO to run your business based on a straightforward compensation package, maybe you ought not to be in business.