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Worst Tech CEOs Earn the Most Money

Posted by ryuzaki0 on from the strive-to-be-an-underachiever dept.

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."

6 of 313 comments (clear)

  1. My tech company.. by Anonymous Coward · · Score: 5, Funny

    My Tech company isn't making anything. $0 returns. I think that means I should be getting paid WAAAAY more than all these guys. I wonder who I talk to about that..

    1. Re:My tech company.. by pilgrim23 · · Score: 4, Funny

      I think Balmer has the chair

      --
      - Minutus cantorum, minutus balorum, minutus carborata descendum pantorum.
  2. Count me in! by lionheart1327 · · Score: 4, Funny

    Hell yeah.

    Where can I sign up to be a CEO?

    I'll be the worst CEO you can imagine.

  3. Re:Anyone remember Ashton-Tate and Wordstar? by BioCS.Nerd · · Score: 4, Funny

    Now where have I heard that one before...

  4. Re:Problem with pay-for-performance by CastrTroy · · Score: 4, Funny

    That explains why Bill Gates is the richest man in the world.

    --

    Anthropic principle: We see the universe the way it is because if it were different we would not be here to see it.
  5. Re:Anyone remember Ashton-Tate and Wordstar? by SeaFox · · Score: 4, Funny

    Probably right here.