Daily Stormer The Most Censored Publication in History
Ryan Gorman
Daily Mail
August 28, 2013
A significant number of America’s highest-paid chief executives have found themselves in hot water over the past 20 years, according to a new study.
Roughly 40 per cent of CEOs among the 25 highest-paid in the US have been fired, fined or bailed out, according to the report released Wednesday by the Institute for Policy Studies. This finding comes despite their astronomical pay – about 354 times the average – coming with an expectation for sky-high performance.
Companies paying a premium for elite talent often do not realize the return they expect, the report says. In at least one instance, a CEO ended up with a conviction that would have led to jail time had he not died before sentencing.
The non-profit analyzed the 25 highest-paid CEOs for the each of the past 20 years and found that almost half of them had paid some sort of price for their poor performance.
Of the CEOs on the list, eight per cent were fired, but received ‘golden parachutes’ averaging $48million each upon their exit, according to the report.
Of the fined, eight per cent ended up costing their firm’s over $100million in fines each, with one CEO paying fines out of pocket, for stock option back-dating, according to the report.
Most scandalously on the list are financial executives, all of whom ‘were forced to receive bailouts for running their companies into the ground,’ according to the report.
