Originally Posted by
GlobalNav
What torques my jaws and should torque the jaws of every shareholder is the magnitude of the compensation packages and golden parachutes for people that failed miserably, in spite their “brilliance”.
The problem you run into with trying to take away the 'golden parachutes' is that - in most cases - the retirement packages are contractually agreed to ahead of time (usually when they are hired or promoted). The only way you can legally not pay the golden parachute is to demonstrate intentional malfeasance (I suspect WillowRun can elaborate if needed). Unless you have something pretty blatant and obvious (stealing comes to mind) that results in criminal prosecution, trying to take away someone's contractual retirement package is usually just a way to make some lawyers a lot of money without accomplishing anything.