I didn't think Yalies had a sense of humor!

[Secretariat]

Jeffrey Sonnenfeld, associate dean of the Yale school of management
commenting on fired Hewlett-Packard CEO Carly Fiorina's $21 million
severance package: "What would she get if the firm had done well? A
country?"

[Steve 'StatMan']

Wow. I'd sure love to have some company pay me $21 million dollars to NOT work there anymore. Sure beats working for a living! :bang: :lol:

[sq764]

They said her bonus was 300% of her salary, where most CEO's are in the 110-130% range..

Kind of makes you wonder why they would reward such horrible results with such a fat bonus...

[Kreed]

I thought she performed great. She's brilliant and that bonus, all pre-written
and agreed to BEFORE she was canned, was less than she was worth. And,
beleive it or Not, evaluating her job performance is not an easy accounting
issue like telling if some mom & pop business made a profit. If you've ever
studied a 1,000-page corporate tax filing you learn very quickly why accountants define a Number as "Something open to endless dispute."
It was just her time to GO & I think the board was right & so was she.

[sq764]

I thought she performed great. She's brilliant and that bonus, all pre-written
and agreed to BEFORE she was canned, was less than she was worth. And,
beleive it or Not, evaluating her job performance is not an easy accounting
issue like telling if some mom & pop business made a profit.

Well, when your company's stock plummets 55% under your direction, that's a fairly good way of 'evaluating her job performance'

[boxcar]

Perhaps the Peter Principle applies in her case, and she simply rose to her level of incompentence, and the Board decided that it would be better and even cheaper to pay her off now and get rid of her rather than have her remain and operate at that level of incompentency to only run the corporate ship aground.

Boxcar

[Bobby]

yea, they coulda used that $21 mill on R&D. cause they need it.

or maybe a down payment on a stock buyback program?

[boxcar]

Bobby wrote:

[byea, they coulda used that $21 mill on R&D. cause they need it.

or maybe a down payment on a stock buyback program[/b]?

Maybe it's a case of the board simply cutting their losses. :)

Boxcar