My reaction to tip #4 "Retreat from "pay for failure" by making it easier to fire for cause."
I believe this is a good trend that should catch on with many companies quick. It says that investor advocates have long complained about extravagant departure deals for unsuccessful CEO's. In September, three former CEOs won millions after challenging boards that fired them. I believe that if the CEOs were fired for good reasons then they should not be allowed to challenge the boards.
Wednesday, October 3, 2007
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