Look who is on 13th spot, what is not to love about him.
http://www.bloomberg.com/graphics/2016-golden-parachutes/
5 replies (most recent on top)
Can someone give me a whammy?
I'm 100% OK with insanely high executive pay if the executives deliver and perform. Mulva delivered and performed for the bulk of his term, although he made some bad mistakes in the last 4-5 years (Burlington purchase, company slit, etc). Even then, due to some of his successes, his pay and golden parachute could be justified. However, the current executive team has done absolutely nothing to prove that they deserve their pay. Maybe the board knows something and maybe they will deliver in the next 1-2 years. However, these sky high compensations can in no way be currently justified given the performance of the company since the split.
Would you expect any less?
Talk about a guy who couldn't give a sh-- if he was fired or not
It's a joint decision to pay him what he gets by the wonderful board of directors. Don't forget that COP has many people making decisions to sink the boat. All over the organization you can find amazing leaders who make way too much, in fact you can find some of them who make the same money but have been demoted whom took others jobs. Maybe your next.