It Pays to Fail

Well, howdy! How's it going today? Are you having a wonderfully satisfying day so far? Far be it from me to change that. Hey...coffee's freshly brewed and the VTs are right out of the oven. You can probably catch a whiff of the heavenly aroma from where you are. Speaking of wonderfully satisfying, how does $44.3 million sound?

The enormous compensation CEOs of large corporations receive is justified in part by their bringing prosperity to their shareholders, but last year (an excellent one for most investors), two of the nation's best-paid chief executives "earned" handsome raises despite presiding over losses:

Philippe Dauman of Viacom Inc. (paid $44.3 million, stock lost 6.6 percent)... 






Jeffrey Immelt of General Electric (an 88 percent raise to $37.3 million, stock lost 6.7 percent). 

CEO Steven Newman of Transocean earned only $14.2 million, according to a June Wall Street Journal report, but that was a 2.2 percent boost -- for stewardship that resulted in one of 2014's biggest flops -- Transocean's 59.9 percent loss for its shareholders. 

Source:Wall Street Journal, 6-25-2015 

Hey, I'd be all smiles, too! Where can I get a job like that? I don't have to be there very long...just long enough to rake in a few million to fund my retirement. I have simple tastes so let's say, oh, how does $10 million sound? I can live with that! That's what...three month's work on average?

See ya, eh!

Bob