Monday, December 12, 2005

Executive (lavish) Compensation

Reacting to my post on management's guru Peter Drucker, David posted a comment on this blog two days ago. "We need a corporate board reforms" argues David.

I bet we do !

Please refer to the McKinsey Quarterly article which demonstrates that a wide and comprehensive survey of the American corporate world shows that : "Directors and investors want to split the roles of chairman and CEO, to increase the accountability of directors, and to reduce executive compensation". And guess what? This can only be achieve by reforming the board.

We need less aristocrats & more entrepreneurs !



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