Saturday, December 17, 2011
Another Dying Media Company Overpays For Failure
These people couldn't possibly be that stupid, could they?
The fact that a media company--perhaps the most prominent one in America--paid too much for an incompetent CEO, and also gave her a golden parachute worth more than her own salary and will pay her after she has left her position, isn't even newsworthy anymore. They all do it. Incompetence is running rampant through the business world.
You'd think they would be savvier about this sort of thing. I would be willing to bet that Robinson is being laughed at for not walking away with more of their money.