Comments on: Judge Not. . . Considering the Chief Executive’s Dilemma http://www.peterfiresteinblog.com/2009/09/24/judge-not-considering-the-chief-executives-dilemma/ CORPORATION, REPUTATION, AND SOCIETY Wed, 18 May 2011 18:44:36 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: John W. Taylor http://www.peterfiresteinblog.com/2009/09/24/judge-not-considering-the-chief-executives-dilemma/comment-page-1/#comment-25 John W. Taylor Fri, 01 Jan 2010 19:15:07 +0000 http://www.peterfirestein.com/?p=112#comment-25 On a local level, I would compare the CEO's to real estate agents. In my area (outside Washington, DC), real estate agents were making into the seven figures for buying/selling houses. What did they do to deserve millions of dollars a year? Drive people around, show a house, and possibly offer advice on which house to buy (or pricing advice when selling)? They added little value to society, made tons of money, and had every incentive to keep people buying homes, even if they couldn't afford them. Pretty much the same situation that many CEO's were in! They milked the system till it was dry. With regard to the CEO's, I am sure, "until you have walked a mile in someone else's shoes..." is applicable, but most people could see this coming a mile away. They received the benefit, they should suffer the consequences. Unfortunately, the consequences seem to be millions of dollars in severance and stock options, coupled with a little public rebuke. I am not about to advocate less public rebuke. On a local level, I would compare the CEO’s to real estate agents. In my area (outside Washington, DC), real estate agents were making into the seven figures for buying/selling houses. What did they do to deserve millions of dollars a year? Drive people around, show a house, and possibly offer advice on which house to buy (or pricing advice when selling)? They added little value to society, made tons of money, and had every incentive to keep people buying homes, even if they couldn’t afford them. Pretty much the same situation that many CEO’s were in! They milked the system till it was dry.

With regard to the CEO’s, I am sure, “until you have walked a mile in someone else’s shoes…” is applicable, but most people could see this coming a mile away. They received the benefit, they should suffer the consequences. Unfortunately, the consequences seem to be millions of dollars in severance and stock options, coupled with a little public rebuke. I am not about to advocate less public rebuke.

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