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Check this out...WAMU CEO gets 20 million for 17 days on the job
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[QUOTE]Originally posted by SeekingFreedom: [QB] But that's just my point, how much of the company's financial books did they show to prospective CEO candidates? I mean, if they really were that deep in the hole, why would they transmit that to people they wanted to run the company? If they DID show him they were on the way to the poorhouse and he took the job, then I would have to agree with you that there was some back room dealings going on. Otherwise, it was the business version of Gotcha! Bring in a new CEO and then blame him when things go south within the first month. That is the reason many of the highest paid CEO's have the Golden Parachute clause in their contracts. Regardless of the actual causes, how the company runs (for good or bad) is blamed on the CEO. If they get dumped for 'poor performance' they may never get another job in the industry again. That's why they demand the insurance in case it isn't their fault they get blacklisted. [/QB][/QUOTE]
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