7 CEOs Who Should Return Their Bonuses
America is experiencing a renaissance in workers’ rights — from campaigns pushing to increase the minimum wage to increasing calls to reduce income inequality. Corporate executives have come under the spotlight for bringing home extremely large paychecks while at the same time undermining their workforce and partnering with lobbyists to expand corporate power. A number of Supreme Court rulings have come down recently in favor of expanding corporate interests, leading to consumer and citizen outrage. All the while, CEOs need to keep an eye on their own businesses and take the heat when mistakes are made.
The Internet has made it easier for consumers to gain access to information, making it harder for companies to sweep things under the rug like they were able to for many decades. This has led to higher turnover in the executive pool, meaning executives who are at the helm are willing to take higher risks than they might have otherwise. The result is a world in which CEOs become the sacrificial lambs for their company’s mistakes or negligence, as an act of acknowledging public outcry. In short, it can be tough to be a CEO.
Previously, we took a look at a handful of CEOs that were relieved of their command following some sort of colossal screw-up, whether it was their fault or not. Now, we’re taking a look at seven CEOs who should be giving their bonuses back. While what has happened under their watch may not be a fireable offense, their actions have clearly not warranted any extra compensation.
Here are seven CEOs who should return their bonus checks immediately.