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November 06, 2006
CEO Checks And Balances
The earth began to shift earlier this year with the revelation that Verizon Communications (nyse: VZ - news - people ) paid Hewitt Associates (nyse: HEW - news - people ) several hundred million dollars over the years for human resources work while Hewitt also served as the CEO compensation consultant. It's obvious that there is a potential conflict of interest for the consultant to recommend big pay packages for CEOs, who then direct consulting business back to the consulting firm. In today's climate, even the appearance of such a conflict is unacceptable.
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Posted on November 6, 2006 04:38 AM by human 249.
Filed in Office Max! under human resources.
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