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| Omid Kordestani |
In case you missed it, here is the list of Silicon Valley executives who made the most money last year.
It is part of a package of stories in the Merc about executive pay, and the debate surrounding it. A union guy says “executive compensation is the last unaddressed corporate scandal.” Critics of that view say pay is what lures people to Silicon Valley and gives them incentives to do great things.
Google’s Omid Kordistani heads the list, knocking off Yahoo’s Terry Semel and Oracle’s Larry Ellison from leadership position of past years. Where are Larry and Sergey on the list? At the bottom. Their stock gains came from shares they own outright, and so don’t qualify as pay from their companies, according to the Merc’s methodology.
One Comment
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SEARCH ENGINES Web said:
The pay is justified in a social darwinistic sense.
All of these are the very best in their fieds out of thousands of potential competitors.
There unique expertise can literally make or break an organization - their direction, successes and contributions can produce an enormous ROI that would dwarf their compensations.
Considering what the potential is via their successes, this is NOT a field on would want to nickle and dime in.They live and breathe their jobs 24/7/365. While the compensations appears to be alot - when you analyze how little time they have to “smell the roses” in life ……
