Blame Boards For Excessive CEO Pay and Perks

Leadership speaker and author Bob Vanourek uses this image of two people shaking hands in front of a board table to illustrate the importance of the board making ethical and enduring decisions when it comes to CEO bonuses and pay.

Compensation levels for CEO’s and C-suite execs took off like a rocket starting in the 1980’s. It was caused by the dual whammy of Milton Friedman’s “maximize shareholder value” maxim and the advent of the “leveraged buyout” focus from private equity firms. I should know because I participated in those phenomena as a CEO. The … Read more