FireMr.Z

What Would John Chambers Have Done for Nortel?

What really frustrates me is the spineless board of directors at companies like Nortel and across America that write ridiculous senior management hiring contracts without consequence for lower share-holder value. Even more ridiculous is share-holders often vote to approve these illfated hiring agreements, like their visionaries to market success.

Since when does a corporate executive warrant a severence for failure to execute a successful business plan? If a wanna-bee CxO wants a leadership role in a company, they should be willing to bet their compensation on their personal success in my opinion.

I hope the day is near when a new crop of senior talent comes into power with integrity of success. Pushing-out and nulifying the existence of the 1990s and 2000 erea executive whose track-record for success is dismal to say the least. I think that would make for interesting cocktail-party gossup, where legacy executives mingle with the new age of responsible management.