Sub-title: "Four stories about our loss of integrity, ethics and moral
character"
Corporate America's raging CEO pay
"Too often, executive compensation in the U.S. is ridiculously out of line with
performance," says Uncle Warren, "because the deck is stacked against investors
when it comes to CEO pay. The upshot is that a mediocre-or-worse CEO -- aided
by his hand-picked VP of human relations and a consultant from the
ever-accommodating firm of Ratchet, Ratchet and Bingo -- too often receives
gobs of money from an ill-conceived compensation arrangement."
For example, CEO "Fred Futile" of "Stagnant, Inc" gets gobs of options from his
buddies. The company does stagnate. But good ol' Fred cleans up, even when the
investors lose. If he gets fired, Fred "can 'earn' more in that single day,
while cleaning out his desk, than an American worker earns in a lifetime of
cleaning toilets."