Executive Overcompensation

Mother Jones has more on executive (over)compensation.

One of the links, to this NYTimes article details the compensation of the former CEO of ConAgra, Bruce Rohde.

For his 8 years at the top, Rohde received $45 million + a $20 million retirement package.

But the company, a food giant with more than 100 brands, struggled under his watch. ConAgra routinely missed earnings targets and underperformed its peers. Its share price fell 28 percent. The company cut more than 9,000 jobs. Accounting problems surfaced in every one of Mr. Rohde's eight years.

Even when ConAgra restated its financial results, which lowered earnings in 2003 and 2004, Mr. Rohde's $16.4 million in bonuses for those two years stayed the same.