5 more CEOs who should go

The factors that apparently led to the departure of Citigroup's CEO last week -- including high pay, weak performance and shareholder dissatisfaction -- aren't rare.

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27Comments
Oct 23, 2012 9:23PM
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What world is this author living in? CEO pay has nothing to do with company performance. It has everything to do with packing the Board with friends, screwing everyone for short term profits then watching the company fail in the long run, misleading investors, lying, cheating, stealing and bribing government officials through overpaid lobbyists. And it's all legal, more or less. Just ask the former Countyrwide Mortgage pres who took home 345 million to run his company and our country into the ground. Yes, I know he got fined a whopping 20 million or so - but that still left him with a net gain of 325 million and no jail time. So let's all support deregulation and hope we can get great CEO jobs somewhere. 
Oct 23, 2012 9:24PM
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In an effort to make everyone accountable, the company I work for now ties our salaries and if we get raises or not based on sales even for non-sales positions.

Most of the multinational CEOs don't give two hoots about their employees. They get their millions, and the little people get the shaft.

Oct 23, 2012 9:18PM
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I can understand how some mega-companies would not do well for their investors during the recession, and it's not all the fault of their overpaid CEOs. But the mega-corporations who cut their job forces by the thousands while the overpaid CEO gets to keep in his/her job, those are the ones who should suffer some karma.
Oct 23, 2012 8:42PM
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ADD lowell McAdams of verizon to the list
Oct 24, 2012 10:41AM
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This ridiculous pay is why we need more unions in the US.  Unions fight the corporate greed and force these top execs to give some of their wages to the workers.  Thats why management is always against Unions.  They dont want to give up their $10 million a year pay.  When they go under they blame the workers pay not bad management as the culprit even though management makes the choices that force companies to go under (GM for example.)  Everyone blames the UAW for their pay but when the engineers (NON UNION) are told by MANAGEMENT (NON UNION) to cut costs and corners and leave gaps in every panel and use the cheapest materials how is it the workers fault the company was losing sales and money? It was management.
Oct 24, 2012 8:13AM
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 Most associate more money with better performance. Not so, and particularly with all the nuances of business these days. In the public forum it seems like an expensive  "hired gun" will clean it up and enhance company profits. However he/she is interested in making money for his/her own agenda otherwise he/she would work for the company's stock and not cash. That is, stock tied to the value of the company's profitability. Makes sense to most, but not the way things are done these days.  
Oct 24, 2012 1:12PM
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How about CEOs who "export" US jobs offshore?  Shouldn't they be on some sort of list also? 

 

Check out the infamous XEROX CEO Ursula Burns, vice chair of Obama's Export Council who has been exporting many US jobs to India.

Oct 24, 2012 12:28PM
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 Democratic cooperatives are the solution to corporate dictatorship; gross inequity will never bring prosperity or peace.
Oct 24, 2012 1:40PM
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The plastic surgeon who did the horrible face job on Michael Jeffries needs to be fired !
Oct 24, 2012 11:47AM
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WS6 Trans Am,

 

To be fair, it was management AND unions.  Yes, everyone blames the UAW for the high pay of the auto workers (and for the ridiculous retirement benefits) and justifiably so.  But auto management, for decades, had developed the pardigm of "caving" to every union demand.  And yes, auto management allowed the quality of the American auto to decline, you are correct, through poor design and quality expectations.

 

I was actually glad to hear the UAW approve the "two teir" pay structure, but even $15 and hour is too much for workers who are entry level assembly line staff and have no skills yet, although it's better than the $25 they used to get.

 

And union leadership displays it's own form of greed and also over-pays it's executives - that's not a sin exclusive to company management.

Oct 24, 2012 4:41PM
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Everyone is always quick to fire other people. Shareholders are the ones who should be demanding more accountability from their CEO's not bloggers.  
Oct 24, 2012 1:55PM
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He needs to be fired just for the bad plastic surgery.
Oct 24, 2012 2:15PM
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The ceo of dfcu financial in dearborn, michigan should go.  Mark Shobe.  That is all.
Oct 24, 2012 2:07AM
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ROMNEY SHOULDN'T BA ABLE TO RUN, HE SOLD OUT WORKERS. hOW COULD ANYONE SAY HE CARES ABOUT THPOSE LAID OFF AFTER HE MADE HIS MILLIONS? WHAT A COUNTRY OF PEOPLE THAT WOULD VOTE  FOR THIS PHONY!

Oct 24, 2012 2:20PM
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not sure about CEo... but i do no... oboma needs to go.... he su--s.
Oct 24, 2012 10:38AM
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OBAMA, PELOSI, REED, LIBERAL DEMOCRATS, ALL LEFT WING LIBERAL MEDIA!
Oct 23, 2012 9:29PM
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YOU (or I) could have been in their shoes, why did we not make the grade??????? So,let's don't let envy of their success taint our view of the world!!!!!!

 

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