Jack's booty
Wall Street Journal (subscription required) on public dismay about Jack Welch's continuing compensation:
Jack Welch did a lot of good for a lot of General Electric shareholders and employees as CEO. But that makes it all the more unfortunate that his contribution will be tarnished by the public airing (in a divorce case) of a retirement package that makes him seem greedy, or at least too attached to the playthings of corporate opulence.
...It wouldn't be a bad thing, though, if CEOs began to show more regard for their own dignity, which tends to be undermined by displays of excess. We'll catch grief for saying so, but business executives are part of this country's natural leadership class. Their practical wisdom and advice are crucial to intelligent policy-making. And they have (or would have) more public respect if they bothered to show a modicum of concern about nurturing that respect.