Word: ceos
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...Chappell, CEO of Tom's, shuts down his factory four times a year at a cost of $100,000 each time, to ensure that all employees attend meetings that frequently center on the environment and other social issues. He and like-minded leaders view profits as a product of doing the right thing. Interestingly, such executives tend to be onetime idealists in their late 40s or 50s. In the 1960s they might have been at sit-ins for social justice. Today they have enough success to apply practical ways to achieve their goals...
...solution embraced by the likes of DuPont and BankAmerica is to grant CEO stock options that can be cashed only after the stock has risen a specified amount. That way a CEO doesn't make a killing unless the stock really zooms. An even better answer is to devise stock options that are indexed to the market or some peer group. They would remain worthless unless the stock outperforms its competitors. Some have suggested the CEOs be required to buy stock above the market price, but that incentive could hurt workers, since a time-honored method of making the stock...
...CEO-pay issue is beginning to feel like the start of a class war. Two weeks ago, the AFL-CIO launched a Website www.paywatch.org detailing CEO pay packages, producing an instant cyberjam among those trying to log on to feed their fury. There are now a dozen Websites devoted to executive pay. "It takes thousands, literally thousands of years to earn what your CEO takes home in a single year," fumes Richard Trumka, secretary...
...CEOs are never going to come cheap. The market for their skills is tight. Kodak's George Fisher got a two-year contract extension and 2 million stock options earlier this year when word leaked that he was under consideration for a job as president of AT&T. Kodak had poached Fisher from Motorola. Companies that choose to cut options grants will end up paying more in some other form of compensation, or losing their CEO...
...other incentives might prove to be a case of bad timing. The stock market is a self-correcting mechanism, even though it hasn't seemed that way in the 1990s. The market may finally be entering a long overdue cooling period, which would naturally fix some glaring excesses in CEO pay--so long, that is, as companies resist the inevitable CEO pleadings to revise their pay deals in a flat or falling market...