"can't admit he did anything wrong" implies I know he did something wrong, and I'm hiding it.
I don't know what he did, so I can't say he did anything wrong. Not arguing that he did something wrong as a CEO, doesn't amount to hiding the fact that he did. Note I'm not arguing that he wasn't a lousy CEO either. Going by the small amount of evidence I do have, I'd guess that more likely than not he did do a lousy job, but I'm not looking to guess here, better just to not take either side of the issue considering the relative lack of evidence (and also my relative lack of interest in his case).
If by "anything wrong", you don't mean "was a lousy CEO", but rather that he drove a good bargain when negotiating compensation, that isn't even something that needs to be justified. Its not even vaguely wrong.
What may have been wrong (practically not morally, mistake not evil) was hiring him in the first place. Also an argument can be made that whether or not he should have been hired, that the compensation package was too generous to generous to be beneficial to the shareholders (who's interests are supposed to be represented by the board who presumably set the compensation).
But the big issue is poor performance, not pay. If the companies decline in value was his fault, that poor performance hurt the shareholders far more than his pay and benefits. If he had instead done very well, and caused the company to do very well, that good performance would be far more important to shareholders then his compensation.
if a CEO runs a company into the ground, it likely for reasons "beyond his control".
1 - He didn't run the company in to the ground.
2 - I said no such thing. "Poor performance from the company may not necessarily be because of poor performance the CEO", is an entirely different statement. "Poor Performance" != "run the company in to the ground". "May not necessarily be because of" != that it is likely from some other cause.
And that's even without considering the rest of my statement which included "That having been said company performance and shareholder value is the CEOs responsibility, and there are plenty of CEOs who have done poor jobs, and who's hiring was a mistake." |
