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Operational Risk Control with Basel II
book

Operational Risk Control with Basel II

by Dimitris N. Chorafas
November 2003
Intermediate to advanced content levelIntermediate to advanced
400 pages
12h 48m
English
Butterworth-Heinemann
Content preview from Operational Risk Control with Basel II
Management risk 71
Whether through extravagant bonuses or options, excessive pay levels are also a
management risk.
Neither is the $8 million a bankrupt company would have to pay its chairman the
only blood-letting. Charles B. Conaway, Kmart’s president, will also be richly
rewarded. According to a clause on Kmart’s performance, and to some other
contractual clauses, he could get $16 million over 18 months. All this at a time
when:
Kmart struggles for its survival, and
Even if it makes it out of bankruptcy it would not automatically become an
enterprise able to afford such fat pay packages.
2
Mismanagement is what brought Kmart into bankruptcy in the ...
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Publisher Resources

ISBN: 9780750659093