Feeling down about the slowing economy? Credit crunch hitting you particularly hard? Recent stock market performance depressing your portfolio? Well, console yourself with the fact that you could have lost a lot more.
Business Week reports on the effects of the recent bear markets on superstar CEOs. Leading the list (check out the slide show) is Larry Ellison, Oracle co-founder and CEO, whose recent 11% loss in holdings' value translates into just under a $3 billion decline. Don't feel too bad for him, though; his current holdings are valued at over $24 billion.
This does point to one problem with using stock as incentive pay. A lot of times the stock goes down (or up) for reasons having little to do with the recent performance of the CEO and other employees.
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