Nothing wrong with a CEOs taking very high salaries and they deserve them when their companies are performing well. But CEOs of high ethics and integrity, put their skin in the game by taking a hit on their compensation when company is struggling.
A CEO continuing to draw high salary during bad times is akin to telling the investors that CEO is not accountable and board either is not doing its job or it’s too weak against promoter and CEO nexus.
Also higher salaries to CEO doesn’t mean that a company could not be diverting funds through other means. It’s not binary. If you need proof, look at Enron.
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