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Technology Stocks : Intel Corporation (INTC)

INTC 36.38

-1.3%

3:59 PM EST

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To: Road Walker who wrote (172723)	1/30/2003 8:45:08 PM
From: Eric K.	Read Replies (1) of 186894

John-- Re: I don't mind these folks getting rich if they perform, it's the getting filthy rich that bothers me. Is it really a problem of CEOs getting filthy rich, or of CEOs getting filthy rich regardless of their performance? I think it would be interesting to look at non-founder CEOs of Fortune 500 companies (so that the Gates/Ellison/Buffett/etc. effect didn't skew things) and look at the correlation between executive compensation and stock performance over a CEO's entire tenure at a firm. I have a feeling that, once you're CEO of a major company, there is very little correlation between how well you run your company and how much you get paid, which isn't that surprising given the whole structure of corporate governance and the general lack of shareholder influence on compensation. Why would the compensation committee of a board of directors-- which is basically a bunch of current and former CEOs of other companies, each of whom has his/her own interest in maintaining high CEO salaries, choose to lower the salary of one of his amigos for financial underperformance? -Eric

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