Thursday, January 11, 2007

Bloghuh?


Robert Nardelli got to take home $210 million (107,968,215.06 GBP) when he was fired from his position as CEO of Home Depot this month. When Carly Fiorina of Hewlett-Packard was fired from her job as CEO, she got $21 million (10,796,896.43 GBP). Former CEO of Gemstar-TV Guide Ed Yuen got $30 million (15,424,159.17 GBP) when he was terminated. Last year Exxon Mobile chairman Lee Raymond was given almost $400 million (205,655,455.63 GBP)when he retired. The thought of listing all bonuses handed out to the top honchos of other corporations in America that has amounted to billions of dollars this year alone just depresses me, so I won't.

Even though I know these amounts of money are obscene in a country where some of its people are paid wages that keep them below the poverty line, what mystifies me is how the stock holders in these companies can allow this to go on? Even if the are not bothered by the morality of this issue, you think they would understand that every dollar they overpay these people comes out of their own dividend checks. You would also think this would outrage them.

Read more about things that mystify others at participating Bloghuh? blogs this week:

Aprosexic
Blue Witch
bob's yer uncle
Changing Places
Depthmarker
In the Aquarium
Jen&HerBoat
Kitchen Witch
La Que Sabe
London Daily Photo
Purple Pen
Quixotic Evil
Tabula Rasa
Who Knows Where Thoughts Come From?

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