Making CEOs Pay for Bogus Books

By Louis Lavelle

Let's say you hit the big time and take a $1 million dollar signing bonus for a senior position at a top company. But after two months on the job, you up and leave. Oops. Sorry. Got to go now. Bye. Most employers would demand that you give back the signing bonus, right? After all, you didn't perform as expected. So why is it that when CEOs routinely walk away with a multimillion dollar pay packages for financial performance that often turns out to be pure fiction, few boards ever ask for a refund?

American Apparel's Future

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