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Thursday, April 23, 2009

Where I work, if my boss thinks I am a failure, I probably am better off looking for a new job. Especially given the current circumstances. But that rule apparently doesn't apply as you go further up the corporate ladder. And it cant been truer for the person at the very top. Need proof?

Well, this piece at rediff says it all.

Vikram Pandit, the very famous CEO of Citibank, has found his place among the 20 worst CEOs of the world as judged by "a panel of professors from business schools like MIT Solan School of Management, Tuck School of Business, Wharton School, University of Chicago Booth School of Business, Yale School of Management and Kellogg School of Management"

Pretty bad you'd think. But the article also mentions that "Pandit's current salary was $1 dollar, but his pay package was valued at $38.2 million for 2008, a year when taxpayers kept the firm in business."

That's some salary! So the question is, would you mind being adjudged the worst, if your pay package had 8 digits in it?

I certainly wouldn't

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