The title above from a line by Will Ferrell in one of my favorite movies, Anchorman, is quite funny, but the situation I'm referring to with this line is no laughing matter.
Bridgepoint Education (BPI) is a for-profit education company that CEO Andrew Clark co-founded in November of 2003. He has been in charge ever since. His base salary for 2012 was $600,000 and in total he made about $2.7 million or 2.13% of BPI's FY12 earnings. In short, he makes a lot of money. So does the rest of management. The company just approved $25.25 million in new stock for compensation purposes. That's about 20% of what the company earned this year. Why...
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