Sunday, May 11, 2008

Hey may not know Mavericks hoops, but he does know CEO-ing more than Snooze

Dallas Mavericks owner Mark Cuban makes a compelling case to make CEO pay cash-only:
Make companies generate 100 percent of their compensation in cash that will be 100 percent expensable in the quarter paid.

Counteracting the “CEO as riskmeister” myth, Cuban writes:
Everyone who works for that company is at risk – of losing their jobs, benefits, raises, you name it. Employees live in the corporate cash zone, while CEOs and the top few in management live in the equity/lottery ticket zone.

Too bad an outsider like Cuban had to write something like this instead of the Dallas Morning News’ own op-ed staff

Of course, given that Bob Decherd, CEO of Belo Corp., the parent of the Snooze, got a $3 million bonus last year, despite a negatively performing company — a bonus that works out at about $60,000 per each of 50 fired editorial employees — it’s no wonder it took an outsider to write this.

The only wonder is that the Snooze even published it.

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