It’s been a year since Tyco International former chairman, Dennis Kozlowski, threw an elaborate birthday party costing $2 million on the Italian island of Sardinia.
The bacchanalian event, staged to celebrate his wife’s 40th birthday, featured gladiators as guards, waiters dressed in togas, imported fig trees and an ice sculpture of Michelangelo’s David dispensing vodka.
This pillaging and raping of the corporate coffers was only one in a series of missteps that led to Kozlowski’s plunge to disgrace, leading many to believe that the guy, like many CEOs in the corporate culture of America, was vastly overrated and overpaid.
CBS.MarketWatch.com agrees. The folks there have come up with a list of jobs that are ridiculously rewarding. CEOs are not at the top of this list; that spot is occupied by mutual fund managers. They can easily earn $500,000 to $1 million a year including bonuses — even though only three in 10 beat the market in the last decade. That’s major money for a not-so-great...
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