Paul Luvera Journal

Another CEO has been rewarded for a bad job. We have previously chronicled America’s corporations rewarding its CEO’s with excessive pay packages and golden parachutes even when they have failed in the job they were hired for. It’s a common story of greed & corporate board irresponsibility which keeps being repeated. See posts for 12/29/06 12/19/06 12/14/06 & 12/9/06. Now Home Depot’s CEO Robert Nardelli will be paid millions for the job he did when he took over in 2000…

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After weeks of opening statements, the plaintiff’s attorney in the Microsoft trial in Iowa, showed not one but two videos to the jury as the opening evidence in the case. The jury spent six days watching video testimony. The first one was a ten hour video deposition of Bill Gates. That was followed by a video deposition of the former CEO of Novell, Richard Williams which was not completed. In three weeks the jury has heard opening statements and the…

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The scandal of greedy CEO’s and irresponsible Corporate Boards includes the outgoing CEO of Eddie Bauer, Fabian Mansson. I’ve reported about this fact before (12/19), and now the Seattle P.I. reports that even though Edie Bauer lost $275 million this year and is worth just one third of it’s value a year ago, the outgoing CEO will be paid a $10 Million dollar golden parachute after four years as head of the failing company. Mr. Masson was hired in 2002…

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