Yes, but it would not even be enough to purchase Trump’s Palm Beach estate and a mountain home in Aspen. Get with the program. It takes a lot of money to live well today.

William McGuire is a doctor. He’s become a prostitue and evil emperor, but he was originally trained as a pulmonologist.

This isn’t an issue about money and doctors, this is an issue about money. Ask Warren Buffett, free market wonder what he thinks about CEOs making these kinds of salaries. I suspect he won’t have a positive reply. The board of any company who gives CEOs that kind of compensation are either cowards, or financially beholden under the table to the CEO. No shareholder activist (which is what the board is supposed to be!!!!!) would rape the shareholders like that.

Actually, what the WSJ today said was that their HR department made it common to backdate options as a way of rewarding people- it was another problem (obstruction? tampering) that led to his departure. That’s why you won’t see Steve Jobs suffer the same action.
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There is the rub. The question raised is whether this kind of money is really necessary to recruit/retain a top quality CEO who will maximize shareholder value. I for one think the answer is no, and I agree that shareholders would be benefited by having that money used for other purposes

This kind of compensation is nothing more than robbing the stockholders who have bought stock and deserve a fair dividend on their investments. Backdating options is nothing more than fraud.