Will an increase in sales primarily increase his compensation or profits?
I do find it surprising that such ridiculously generous pay was approved by shareholders and think it rather prove what GK Galbraith said: "The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself".
On the other hand there are limits, and at this point I wonder whether shareholders will decide he is a liability and not pay him so well in future. If I was a shareholder I would want to sack him.
I do find it surprising that such ridiculously generous pay was approved by shareholders and think it rather prove what GK Galbraith said: "The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself".
On the other hand there are limits, and at this point I wonder whether shareholders will decide he is a liability and not pay him so well in future. If I was a shareholder I would want to sack him.