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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
 Tuesday, October 02, 2007
News broke in Germany over the weekend that Chrysler President Tom LaSorda and former Chief Operating Officer Eric Ridenour were paid bonuses worth millions for their help with the sale of the automaker earlier this year. While the exact amounts of these bonuses are unknown, Erich Klemm - a German labor representative on DaimlerChrysler AG's supervisory board - called them "unreasonably high". This situation begs the question as to whether executives that take positions in troubled companies deserve greater compensation in line with greater job risk. Many companies in hard times are cutting employee compensation and benefits while hiring a high-calibur exeuctive to try and turn it around. Is this trade worth it in the long-run for all parties involved?

Tuesday, October 02, 2007 4:08:03 PM UTC  #    Comments [0]  |  Trackback