Monday, August 09, 2010

Is the Value of a CEO Worth a $30 Million Scandal?

What good is business savvy without moral integrity to just say no?

Like an apple tree among the trees of the woods, so is my beloved among the sons.
Song of Solomon

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Today's excessive executive compensation disparity, only sullied by fraud-rife financier shenanigans over recent years, just got its image in the public eye all the dirtier with Mark Hurd's departure from Hewlett Packard.




Forget about contract law. Where is a man's sense of honor in recognizing he was hired to do a certain job over many years, then by way of scandal cutting short his usefulness, he is let go and still compensated as agreed when he first was hired. Would not a decent man either decline his lucrative severance package in such an instance as HP's Mark Hurd or, say, donate it entirely to an appropriate charity?

—Tom Chechatka

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