Yahoo finance listed 5 of the most overpaid CEO’s of 2008. Some of these companies performed well while others didn’t. But still, it chaps my hide to read these figures. At what point is compensation just too much?
- Michael Jeffries, Abercrombie & Fitch – total compensation of $71.8 million with a base salary of $1.5 million.
- James W. Stewart, BJ Services Company – James Stewart’s $34.6 million windfall came from value realized on stock options, which resulted in a $30 million jackpot.
- Brian Roberts, Comcast Corp. – total compensation of $40.8 million (and I can’t get Comcast to come when they say they will.)
- John Faraci, International Paper – total compensation of $38.2 million.
- Eugene Isenberg, Nabors Industries – total compensation of $79.3 million.
How many employees did these guys lay off last year? How many of their remaining employees have affordable health insurance? When I hear that universal health care is going to cost this country “too much” and then I read stuff like this, I want to spit.