I hate to bore on about executive compensation, but the CEO of Home Depot, Robert Nardelli, resigned and is walking away with 210 million dollars of severance pay (more here in the Washington Post) - and not because he did a fantastic job (Home Depot apparently lost market share to a rival company, and share price was down). I don't care if he came from GE or the moon - there is no justification for such pay, and such severance. I think shareholders should insist for a change in the by-laws of companies, that severance packages of more than say 2 times annual pay need to go before the shareholder meeting for approval. And also that executive compensation, especially the bonus part, be put in relation to the total dividend payments to the shareholders.
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