Bill George: Nonperforming CEOs

Boards are irresponsible if they guarantee pay regardless of performance and such boards put themselves and employees at risk

The public is outraged these days over CEO compensation, with good reason. Far too many chief executive officers get paid large sums even when they don't perform. I believe that CEOs should be well-paid when they do perform, but there is no justification for paying for nonperformance.

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