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Paying for Poor Performance

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Over the past two decades, the myth of CEOs earning their runaway pay packages has grown into the ultimate scam. By  / Other Words On Wall Street, they’re giving Microsoft CEO Steve Ballmer the bum’s rush. Ballmer has just announced he’ll soon retire. After his announcement, Microsoft’s shares shot up 7 percent. The wise guys on Wall Street obviously can’t wait to see Ballmer go. And neither can business pundits. Ballmer’s 13 years at Microsoft’s summit, they seem to agree, have been a huge disappointment.

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