Like many of you, I've often wondered how some people have gotten as far in their careers as they have. I have been forced on more than one occasion to report to people whom I wouldn't trust to park my car, let alone run a business. And to further rub salt in the wound, I usually became faint when I hear about their salaries.I'm sure you've all read where the CEO of a company whose share price has dipped below Paris Hilton's IQ was rewarded with a lavish bonus and lucrative stock options. Take the case of former Disney chief Michael Ovitz, whose disastrous 14-month tenure at the media conglomerate resulted in a $140 million severance package. That roiled shareholders of the Magic Kingdom to such a degree that they later took their case to court. In my opinion, Ovitz should have been fined $140 million for launching the thespian career of action star Steven Seagal. But I digress.
In my own field, one need only look at the stock grants given to New York Times chairman Arthur Sulzberger Jr. and president and chief executive Janet Robinson.
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