CEO: the worse you perform, the better your pay

CEOs are the only people whose pay goes up when they fuck up. 'The secret to linking pay to performance remains elusive. Net income at Eli Lilly fell 29 percent and its return to shareholders dropped 17 percent last year, but its chief executive, Sidney Taurel, saw his pay go up 41 percent, to $12.5 million. Similarly, Sanmina-SCI, the electronics contract manufacturer, has lost money in each of the last three years, and its shareholders' total return fell 27 percent last year, but the pay of its chief executive, Jure Sola, jumped to $15 million from $1.2 million in 2003.' It's a goddam outrage. I believe CEOs should get nothing--zero pay--when they screw up. Plus their income should be capped at no more than 20 times the medium income in their company. Who the fuck do they think they are to be rewarded for incompetence? More here.