Some CEOs HAVE put the company's interests ahead of their own. I would name Buffett (who could charge more than $100'000 salary AND does not need any options in order to be persuaded not to switch to another company)and Munger, who runs Wesco Financial, but also less well known ones, e.g. Carl Reichardt who used to run Wells Fargo and under whose tenure the stock rose 10-fold (but did NOT crash from these levels).
I could name others but most would not be well known in the tech community. I agree, though, that they seem to be much less frequent. Many have been large owners themselves, but have acquired their shares out of their own money and not through options, stock awards or extremely large bonuses. It is IMO, however, well worth the huge effort, to search for these diamonds, especially if they are able managers in well positioned companies, too
I repeat, show me where ONE executive, operator or manufacturer, has put his company's or its shareholders interests ahead of his own. |
