Cisco Systems CEO John Chambers received $14.2 million bonus despite poor revenues in the past year.
It used to be that most top leaders in business where inspiring personalities who motivated the troops by example. It seems those days are long gone. In one of the worse economic down-turns in this country’s history we see top CEO’s being given top $$$ by their Boards, while the employees get Zeroooo, and lose jobs. What type of inspiration is this sort of thing supposed to yield?
It is this type of business culture that has created the CEO who stands on a podium and tells his/her employees about ethics, hard work and customer driven values, while he/she is completely unethical and cares only about his/her golden parachute and how to manipulate the Board.
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