Buying someone's silence as they scapegoat him is common practice.
The folks that turned a blind eye to a catastrophic financial crash, scapegoated a few executives & traders and bought their silence with handsome amounts of "Bye-Bye" money.
CEO's and their enablers (namely, those who hope to someday become a CEO) are essentially a criminal organization whose purpose is to ensure that it's members are protected from legal accountability and retribution by stockholders and/or the injured (sometimes dead) parties.
Like the 'mob', or the 'mafia'.
@rbreich This is typical Capitalism Bull Shit. Huge rewards for a job poorly done. But they take care of their own. We can’t afford billionaires or multi-millionaires. 😡
@rbreich Don't blame the shareholders. Very few individuals vote their shares, and most institutions rubber stamp the board's proposals. Blame the Boeing board, which is mostly CEOs, for concocting the Boeing CEO's compensation package.
@rbreich so ya all puppet him and all over 30 million to give it to the poor since they where overcharged under paid poverty wage cannibalized enslaved abused and he has more then his turn and share anyway
@rbreich So the most certain way of getting a whole lot of money, and not having to do any actual work for it -- is to be a CEO who has screwed up royally, costing lives, money, and reputation!!
@rbreich@JamesGleick No one should think “shareholders” are people. They are the major financial corporations of the world. 33 shareholders control 75%. Supporting the remuneration of their rarefied class of officer is no surprise.