Worst Tech CEOs Earn the Most Money

tappytibbins writes to tell us Baseline is reporting that in a recent look at the 100 largest tech companies they found that there was a striking correlation between the highest paid CEOs and the lowest returns. From the article: "The one-third highest performing companies paid their chief executives an average of $7.12 million--while the bottom third paid their CEOs $9.29 million. The study compared direct compensation, which includes base salary, bonus and value of stock grants. Why the disconnect? Jack Dolmat-Connell, founder and president of the firm, cites the phenomenon of 'chasing the median': Companies benchmark their executive compensation figures on peers instead of looking at factors related to performance."

Comments

Simple solution, don't invest in those companies

[Average_Joe_Sixpack]

Do your own DD and stop bitching about CEO pay.

Re:this is not completely new

[G-funk]

Not only is it not new, it's not going to get any valid discussion here on /. All the posts are pretty much "wah wah wah, somebody else makes more money than me".

It's like a bunch of 4 years olds who don't care how much ice cream they have, only how much their brother got.