In a Time of economic downturn, many companies are laying off employees and enforcing pay cuts. More CEOs are taking a symbolic $1 Salary, but not all.
We look at the top paid CEOs in tech, what companies they work for and how much they make. Do they deserve their enormous payday?
Ummm, EMC not ECM and Sun Microsystems doesn’t exist anymore. Sujan needs to read the news a little more often I think.
Board members do not report to the CEO. Rather, according to basic corporate law tenets, it is the CEO that reports to the board of directors.
Correct. And the CEO doesn’t appoint the board members. Board members are appointed by the shareholders, and therefore act as stewards in the best interest of the shareholders, not the CEO.