5 More CEOs Who Should Apologize

Dimon and Akerson owned up to some extent. Who should be next?

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John Hammergren, McKesson

Hammergren 5 More CEOs Who Should ApologizeNo, McKesson (NYSE:MCK) hasn’t cued up any ethics scandals, and nobody on the company’s management team is involved in an illicit affair either. By and large, everything looks above board and morally acceptable with the organization.

When you take a closer look at who’s earning what, though — in this case, the $131 million Hammergren earned between his salary, bonus and stock options — one has to wonder if he really deserves to be America’s highest-paid CEO.

And it wasn’t a one-time paycheck, either. Hammergren also was 2010’s top-paid CEO, putting $145 million in his bank account that year.

Is he worth it? He’s good, to be sure, but just for perspective, the company earned a profit of $1.4 billion last year. The CEO is taking home one-tenth of the company’s total earnings for himself, which is nothing less than insane — even by the new-normal standards of excess running rampant across the nation.

Now, for a few notable omissions, and why they’re excused:


Article printed from InvestorPlace Media, http://investorplace.com/2012/06/5-more-ceos-who-should-apologize-chk-ekdkq-yhoo-msft-mck/.

©2014 InvestorPlace Media, LLC

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