Pity the put-upon American chief executives. Let us count their burdens: Heavy expectations from impatient boards of directors. Intensified pressure from shareholders, unions and competitors. Onerous scrutiny from regulators. And zero job security. The tenure of chief executives, those richly compensated princes riding herd on America's publicly traded companies, ranks among the shortest of any professional group.
Heavy expectations from impatient boards of directors. Intensified pressure from shareholders, unions and competitors. Onerous scrutiny from regulators. And zero job security.
The tenure of chief executives, those richly compensated princes riding herd on America's publicly traded companies, ranks among the shortest of any professional group.
And lest you think they are being ironic, let me assure you that that is not the case.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
Really, they do. "Few can believe that suffering, especially by others, is in vain. - Galbraith"
Not that the penalty for being bounced is too harsh. Robert Nardelli walked away from Home Depot with a $207 million severance package last year after failing to lift a sagging share price. Nardelli, a protégé of Jack Welch at General Electric who left Home Depot after a rocky six years, was quickly snapped up to run Chrysler.
Mr Sherlock! Hold the shit please.
