Not being insured against clawbacks shouldn't deter talented executives.
But officials at high-pay institutions defend the salaries, saying they result from intense competition to hold onto talented executives necessary to help build institutional wealth and prestige.
Critics have blamed Mr. Eisner for the malaise, accusing him of extinguishing the company's creative spark and driving away talented executives with what they called his micromanaging ways.
When he took over Georgia-Pacific's "red-checkered-shirt, male culture" in 1993, he said, he knew he could not ignore women as he hired talented executives.
Steve McQueen, Working Title doing fantastic movies, Tessa Ross at Channel 4, Christine Langan at the BBC… You've got talented executives making intelligent movies that are also commercial.
Matin was not with the company then, as it dispatched talented executives including Jon Spoelstra, who had helped Portland establish the sellout record about to be broken by the Dragons.
The Yankees have won four of the last five titles, they have talented executives and employees who have helped produce the winners, they have players who have called Mussina and they are within a four-hour drive of Montoursville.
Mr. Johnson said the new restrictions could make it harder for the government to resuscitate ailing firms by making it harder for them to retain and recruit talented executives.
There may be talented executives at the company capable of doing the job, and there may be advantages to hiring a chief executive who already knows the ins and outs.
Terry Smith, the chief executive of London-based Tullett Prebon, one of the larger institutional brokers in the world, says that as long as discretionary pay levels remain a political target, banks and their boards will be forced to pay their most talented executives higher base salaries.
"A good business manager", he says, must "pay attention to the details".This micromanaging has pushed talented executives to quit the firm, leaving no obvious successor to Mr Yanai, who plans to step down as boss (but remain chairman) in four years, at 65.
