What the Buck?

What the Buck?

Does it make sense to pay your CEO $1 a year?

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Submitted by jbrownmd on Thu, 12/04/2008 - 3:50pm.

plays both ways

You may be making an assumption that a lot of us don't care to make: that is, any CEO involved with the Big 3 auto companies is worth keeping if they decide to leave because $1 isn't enough. I can't imagine another company board respecting their opinion if they apply for some other open position; I can't imagine anybody crying too hard if they leave taking their failed leadership with them. But, I often wonder if CEO's aren't like sports coaches; failure, even severe, doesn't seem to preclude another organization from hiring them.

Submitted by wayhey1 on Thu, 12/04/2008 - 9:06am.

How about minimum wage?

Why not minimum wage instead of $1 a year? That might put them in solidarity with a lot more people. Of course there will be those stocks and options that cheapen the gesture - but at least then compensation is tied directly to performance. But here's an even better question: Why not demand the same from any bank CEOs receiving government bailouts?