[quote=ucodegen]
If an executive was truly worth the pay being demanded, he would try to negotiate the pay to be nearly 100% in options for a few years, with strike price at current stock price when awarded and vest date 5 years from award with 20% vest increments from award date… no underwater repricing allowed.
If the guy was good, he would be able to get the company back on its feet within that time.. otherwise they are not worth the millions the executives are asking…[/quote]
For the most part, the executives at the banks are the same dipshits who drove them into the ground in the first place. Being good has nothing to do with it. It’s all about being able to borrow cheaply from the taxpayer through the Fed/Treasury/whatever and then lending to those same taxpayers at 20% interest on a credit card.
Any jack-booted, Hitler-loving executive dipshit could be ‘successful’ under those conditions.
