The fired CEO of Hewlett-Packard, Carly Fiorina, had an editorial today on CNN, opposing the the very mild limitations on executive compensation laid out by the Obama administration
To strengthen transparency, all aspects of CEO pay and perks should be fully disclosed on a regular basis. This should include airplanes, cars, golf-club memberships, bonuses, stock options, retirement plans and salaries -- in short everything that a common-sense person would consider part of a CEO reward package.
To strengthen accountability, all aspects of CEO compensation should be voted on by shareholders on an annual basis.
Wow, who saw that comin'? Unfortunately, most of us forking over the money for TARP and the stimulus plan have never earned $40 million for getting fired as Ms. Fiorina did in 2005.
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