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How's this for a kick in the pants: Flying in the face of it's first quarterly loss in 16 years, a seriously questionable compensation package has just been awarded to the new, short-time CEO of Harley-Davidson Inc. (HOG).
Keith E. Wandell, the new Harley-Davidson CEO, and former COO of Johnson Controls Inc. (JCI), has been awarded a compensation package totaling approximately $6.4 million for his participation in Harley-Davidson operations from May 2009 through the end of that year. When given the company's downward slide through 2009, and in consideration of tough times ahead for those who survive on high-end discretionary spending, might there be cause to wonder if Mr. Wandell's compensation package is just a tad excessive?
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