And so it continues: paid-obscenely-for-merely-showing-up. No incentive alignment, no pay for performance, no clawback for ineptitude, etc. Generally speaking, I'm quite libertarian so these things theoretically shouldn't bother me...after all, this is evidently what the market is. But over time I've found myself being more and more outraged by executive compensation, especially the ones where people who I view as largely interchangeable, or who've arrived long after the heavy lifting was done, are guaranteed founder-like compensation.
