Schadenfreude

Apparently CEOs are still worthless and overpaid. I suppose this is news to some people – in this case Forbes and ABC News.

I said basically the same thing here over a year ago.

Many CEOs are still corporate parasites and not worth anywhere close to what they are often paid. It gets worse when you consider that Gary Forsee’s pension for life of $84,000 (after getting fired for poor performance) per month could give 12 employees an $84,000 per year job. I’d really rather see that money go to someone who actually does some work instead of a useless, ex-CEO.