Now, that's a lot of donuts. Krispey Kreme to pay new CEO $760 an hour. Hopefully, for that kind of money the new CEO will read some of my Thinking About Krispy Kreme.
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Actually, that's kinda a deal. If you assume the guy works 70 hours a week over 50 work weeks (3500 work-hours), it works out to an annual salary of $2.66MM by my calculations.
Considering HP is paying Carly Fiorina a $3.44MM salary while she presides over a 55% drop in share price - maybe it is a deal... Well, it isn't a horrible price to pay - they do have a horrible job in front of them.
Posted by: Rochioli | Tuesday, January 25, 2005 at 08:31 AM
How does his high salary (yes, yes, CEOs are highly paid) have anything to do with the company following or ignoring your thoughts? How does A->B?
Look at this amazing bucket of popcorn; therefore you should mow my lawn.
Not trying to be contrarian, but your post confuses me!
Posted by: Steve Portigal | Tuesday, January 25, 2005 at 10:22 AM
Compared to other US CEOs, $760/hour seems high.
I didn't read the article. What is he going to make on stock options and bonuses? Will he receive a bones regardless of company performance? Most CEOs do.
Posted by: Troy Worman | Tuesday, January 25, 2005 at 10:54 PM