Today’s PhotoMash is a stark reminder that many corporate CEOs live by different rules, which they tend to conjure up themselves.
The PhotoMash comes courtesy of the Guardian on April 19, 2016.
On the one hand we see Marissa Meyer, CEO of Yahoo since 2012. She has presided over the demise of Yahoo — loss of search business to Google, loss of ad share to Facebook, failed investments in new business ventures in the billions of dollars. Yet, since taking over Yahoo Meyer has taken home around $78 million. Further, she’s on the hook to collect another $59 million should Yahoo’s takeover spark her dismissal. Admittedly, Yahoo’s stock price has rallied in recent years, but most analysts attribute this solely to Yahoo’s stake in China’s Alibaba.
One the other hand we have Sir Martin Sorrell, CEO of WPP. Over the last 30 years he’s built WPP from a small UK-based wire and plastics manufacturer, which he used as a shell company, into the world’s leading marketing and advertising services company. By current estimates WPP is valued at around $30 billion. Of late he’s been defending his latest compensation package estimated at $100 million.
Both Meyer and Sorrell tell us they’re worth every penny of remuneration to their companies and shareholders. But while it could be argued that both are earning rather too much compared with the 99.999 percent, only one is deserving. And, that shows the crux of the issue — regardless of success or failure, most CEOs will always win.
Image: Screen shot from the Guardian, April 19, 2016.