| Former Qwest CEO Nacchio was handed a six-year prison sentence in April 2007 having been found guilty on 19 counts of insider trading. The former CEO was also fined $19m and ordered to forfeit $52m in profits from the sales of Qwest stock.
Isn't and wasn't Qwest a publicly traded company? If so please tell me how the CEO gets paid $52m for selling something that he doesn't own. I know he was the CEO but I don't get how he should be getting that much money. This is the problems with CEO's they seem to think if they run a company they should get paid bonus' and extra money for stuff they did, Even if it is running the company into the ground.
Most people when they get hired they are told that they will earn so much an hour or how much per month even year. But guess what most employees don't get to do. They don't get paid major bonus. Some don't get bonus' at all. And you can guarantee that if one of the other employees was running the company into the ground they wouldn't have a job and wouldn't get a giant severance pay like these CEO's that don't deserve it. |
