Oh, I'm not bickering about it. I just hate the tone of such attacks, as if the person was the one who personally perpetrated the evil deeds.
I just wish people could distinguish between the CEO taking the blame for misdeeds and the CEO being personally culpable for those misdeeds. The two are not always hand in glove.
I agree with you Clive. It's one reason I don't always join the korprit hate! bandwagon but.........
Here's yet another reason CEO's take a lot of heat when things go wrong. Their upside is just a little higher than the rest of us:
Congrats Doug. Take down an airline and win the lottery.
http://www.startribune.com/business/18380179.htmlDouglas Steenland, who is likely to be the last CEO of Northwest Airlines, will receive an $18.3 million payout if the merger with Delta Air Lines is completed by the end of 2008, according to documents filed Tuesday with the Securities and Exchange Commission.
The severance package includes a $3.3 million cash payment if Steenland loses his job through the combination of executive ranks by Jan. 1, 2009; $6.2 million in pension benefits; $8.1 million in restricted stock; $340,000 in medical and dental coverage continuation; and $398,947 in airline travel benefits. It's been no secret that Steenland will leave the airline once the deal is completed, although he will become a member of Delta's board of directors.