Record #:

24224

Author(s):

Roush, Chris

Abstract:

Ken Lewis is the CEO of Bank of America Corp. and decided to have his salary based on the company's performance. Though this seems like an altruistic move, the CEO still got paid millions of dollars and would be allowed to collect a hefty severance pay if he got fired. The author argues CEOs still get paid like lords when their shareholders suffer like serfs.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 24 Issue 9, September 2004, p38-45, il

Subject(s):

Chief executive officers