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Jeff Grubb on WotC and layoffs
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<blockquote data-quote="Morrus" data-source="post: 5758068" data-attributes="member: 1"><p>CEO packages and the like are tricky. The company puts a value on the CEO; now, you or I may well disagree with that value [although I dare say few of us are remotely qualified to comment out of an informed position] but the company presumably feels it would fare even worse without that CEO in place; probably drastically worse. </p><p></p><p>One could demand that he reduce his salary. But he's likely to say "Nah, I'll go work for Mattel instead. See ya!"</p><p></p><p>So one has to pay the market rate for a CEO - or not have one worth speaking of. Of course it's easy for us armchair analysts to say "Well, he's obviously not good at it. They laid off Rich!" The board, though, might be saying "Thank god we have him to steer us through this recession. Because of him, we only had to lay off Rich, rather than declare bankruptcy and put everyone out of work and stop making D&D".</p></blockquote><p></p>
[QUOTE="Morrus, post: 5758068, member: 1"] CEO packages and the like are tricky. The company puts a value on the CEO; now, you or I may well disagree with that value [although I dare say few of us are remotely qualified to comment out of an informed position] but the company presumably feels it would fare even worse without that CEO in place; probably drastically worse. One could demand that he reduce his salary. But he's likely to say "Nah, I'll go work for Mattel instead. See ya!" So one has to pay the market rate for a CEO - or not have one worth speaking of. Of course it's easy for us armchair analysts to say "Well, he's obviously not good at it. They laid off Rich!" The board, though, might be saying "Thank god we have him to steer us through this recession. Because of him, we only had to lay off Rich, rather than declare bankruptcy and put everyone out of work and stop making D&D". [/QUOTE]
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