CEOs Turning Down Millions

from the another-one dept

I guess today is “CEO declining money day”, as CMGI’s Chairman David Wetherell has slashed his salary to $1 in light of the awful year CMGI is having. In sending this to me, a friend asked if CMGI could even afford the dollar… We’ve already talked about Enron’s CEO declining a lucrative option in his contract. Also, HP’s Carly Fiorina and Compaq’s Michael Capellas have apparently turned down bonuses of $22.4 million that would come from completing the merger. They want to make it clear they’re not sticking to the merger simply for personal gains (now it may just be personal stubborness).

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