In recent months, the value of ABX Holdings stock has plummeted, yet management has done nothing to stop the slide. Well, almost nothing. In April, ABX management did find time to stitch together some golden parachutes for themselves. While shareholders are stuck with a share price 60% lower than what it was last summer, senior ABX executives will receive up to two years worth of compensation if they’re canned – three if you’re President and CEO Joseph Hete.1

Warren Buffett once said, “Too often, executive compensation… is ridiculously out of line with performance.”2 Ain’t that the truth.