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Tuesday, July 26, 2005

Ariba Shareholders are Being Ripped-Off by Management (ARBA)

Wow. Read this article in the MercuryNews regarding executive pay in the Valley and figure out which company appears to have inordinate salary relative to performance.
Yep, it's Ariba. Top four executives got paid $11.4 million (according to the table). CEO Robert Calderoni made $6MM. Cash. Way to go, Bob! Fordham better get their alumni donation director to camp out in this guy's driveway, pronto. do I get that job? I'll run a company's stock price into the ground for $6MM in cash any day of the week! Looks like has mentioned other exec comp shenanigans previously.
Don't hate the player, hate the game...right? Good thing the SEC is all over this...pfft, whatever.


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