Punishing the shareholder instead of the CEO?

[mani]

Anyone else furious when seeing things like this:

www.morningstar.com/news/dow-jones/202309294761/sec-charges-newell-brands-and-former-ceo-with-misleading-investors

Newell has agreed to pay $12.5 million in civil penalties to settle the charges. Michael Polk, who was CEO of Newell from 2011 to 2019, agreed to pay $110,000. Neither admitted or denied the alleged violations.

How about having the CEO pay the 12.5M. I am sure he got plenty during his tenure. Or how about a little jail time or community service on the side.

I have a minuscule position in NWL (100 shares = <1k$) but I am still outraged. These guys are paid enough. They need to pay up when they misbehave, not the shareholder.

[FD1000]

In what country are you living?

Rule-1: CEOs used to be paid 20+ times their average employees and now it's close to 400 times. See (link).
Rule-2: employees get fired and leave immediately, many times without pay on minor issues. CEOs get fired on big issues but still get paid for the rest of their contract, years after they left.
Rule 3: US CEOs get paid a lot more than the rest of the world. Example: The CEO of Toyota, the biggest car manufactures and very successful made less over the years than GM and Ford.
Rule 4: top managers give other top managers similar treatment as they received from other top managers and why board of directors is filled with top managers from other companies.

So, in real life when you are at the bottom you complain, but if you ever get to the top, you become a looter too. 

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[mani]

You speak the truth and I'm not naive. I'm still gonna complain though