I could've written about one of the last examples of mismanagement, and used it as an example. This one is not as spectacular from a monetary point of view, but it is nonetheless, the continuation of a trend that defies explanation. Let me suggest an alternate scenario, one that I learned from my old man, himself a successful businessman. "The CEO, Executive Staff, and Board of Directors is accountable for the success or failure of the company. Not just from the standpoint of reputation, but from a financial point of view." That means, "if you put the company in the toilet, you get *nothing*! No golden parachute, no immediate vesting of the stock options you were granted when you took the job. Nothing. *You* are your golden parachute. And, no, we're not going to pay you an exorbitant salary, either. And, by the way, if you've resorted to illegal acts to artificially inflate the value of your company, the police are waiting outside the door for you. (By the way, fellas, and you know who you are, thanks for all the extra work you've added to our plates. It's amazing how we've now come to the point where "Do the right thing" had to be codified into law.)
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