No spas, riches or rewards for Wall Street's failed executives
皇冠体育app Daily | Updated: 2008-10-14 08:08
Normally you can predict which companies are headed for trouble by finding those that slather multimillion-dollar bonuses on executives without regard to their performance.
"There is no more reliable indicator of litigation, liability and investment risk," Nell Minow, co-founder of the Corporate Library research group in Maine, told Congress last week.
When boards of directors refuse to demand excellence for hefty compensation, dole out riches to reward short-term gains or pay according to quantity of deals rather than quality, where's the incentive for building a solid company?
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