POP quiz: What highly paid chief executive thought nothing of plunking down a thousand bucks for an ivory back scratcher?
If you guessed L. Dennis Kozlowski, the former head of Tyco International, you’re not being creative enough. The back-scratching C.E.O. is the fictitious C. Montgomery Burns of “The Simpsons” — he’s the greedy owner of the nuclear power plant where Homer works. Alas, Mr. Burns is a piker compared with Mr. Kozlowski, who bought such goodies as a $15,000 dog-shaped umbrella stand.
In the world of executive compensation, fact often outstrips fiction, and even farce. That is why, when the topic is executive compensation, the word that naturally springs to mind is likely to be something like “egregious,” along with many others that are unsuitable for printing in a family newspaper.
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