Sad and speechless

Report: Best-paid CEOs aren’t always good leaders

Some of America’s best-paid CEOs are also among the country’s worst bosses, according to an Institute for Policy Studies report. Over the past two decades, nearly 40% of the country’s highest-paid CEOs were let go or at companies that were penalized for fraud or that received bailout funding. The average exit payment made to the 8% of CEOs who were fired for poor performance was $48 million, the report notes. MarketWatch (8/28), Los Angeles Times (tiered subscription model)/Money & Co. blog (8/28)

And the video report within this article is even sadder

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