2min chapter

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CEO wealth surge, Apple/Facebook tensions heat up, and Friend of Pivot DoorDash COO Christopher Payne

Pivot

CHAPTER

The C O and the Comp Committee That Likes the C O

Companies should have been allowed to go bankrupt and wipe out the equity. But instead, they get propped up under the auspices of saving jobs. And then what is the c o and the comp committee that likes the c o and like to get paid a quartr of a million dollars to have dinner and hang out with them every twelve weeks? They issue them a chiton of options, and then they make a shiton of money when the stock recovers from nearer zero. We have an environment where we are incentivizing c os to take these companies almost out of business,. such that the stock goes down, they get ton i remember when i was on the board of the new york

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