Ms. Stewart is so lavishly compensated, and her compensation seems so detached from the company's performance, that the share price may not provide much discipline.
Fairfield's employees were also lavishly compensated, with at least four receiving more than $5 million in pay.
He is a troubled genius — the closest that a lavishly compensated athlete can come to being an eccentric artist.
All of this led her to ask of the lavishly compensated, out-of-work Wall Street chieftains: "Were they embarrassed?" Short answer?
Proponents of the ban on adoption ascribe ulterior motives to American parents: they adopt Russian kids not because they are humane, but because the American government lavishly compensates them; they want to steal our high-quality "genetic pool"; Americans mistreat or kill their adopted children.
If you think that doesn't matter, ask yourself if you'd be comfortable investing in, say, Oracle, if Larry Ellison, its lavishly compensated C.E.O., were free to buy and sell the stock, and to clue in his friends, every time Oracle's sales took an unexpected but not yet public twist.
CEOs are lavishly compensated for pursuing it.
Once a firm embraced maximizing shareholder value and the current stock price as its goal, and lavishly compensated top management to that end, the C-suite would have little choice but to deploy command-and-control management, because making money for shareholders and the C-suite is inherently uninspiring to employees.
Unlike the ivy-league-educated, lavishly compensated investment bankers at the firm, Merrill Lynch's financial consultants work the front lines with clients and have continued to provide liquidity for the firm's bankers, even as institutional credit flows have come to a halt.
CEOs and others who bought into all of this were lavishly compensated by their boards, based on short-term indicators such as quarterly earnings.
Once a firm embraces maximizing shareholder value and the current stock price as its goal, and lavishly compensates top management to that end, the C-suite has little choice but to deploy command-and-control management.
