Part IVCEO Behavior
CEOs are a breed apart. The average salary of a CEO is now about 344 times that of the average U.S. worker. Thirty years ago it was only 30 times greater than the typical employee’s salary. During his divorce proceedings, it was revealed that Jack Welch, the retired CEO of GE, in addition to his multimillion-dollar pension, was entitled to the use of the corporate jet and the provision of daily fresh flowers for his Manhattan apartment at GE’s expense. (Welch has since agreed to pay for the flowers out of his own pocket). A CEO of a very small company I once worked for, with no corporate jet, insisted that her luggage be FedEx’ed whenever she traveled so she didn’t have to carry anything.
A hard-edged analysis of the behavior ...
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