When it comes to Johnson & Johnson's CEO William Weldon, things are even less clear. The largest consumer health care company has beenplagued by a huge amount of recallssince 2009 that cost it $900 million in sales last year. J&J also took a product-liability charge related to the recall of certain DePuy hip implants of $922 million.Clearly, we need to implement a program of standardized testing for all J&J employees; Weldon's salary should be based on the results.
But they cut his pay: that proves the system works, right?
But J&J’s board gave Weldon overwhelmingly positive marks for the year, saying he "provided strong leadership during a very demanding year." In commenting on the string of recalls — 20 since September 2009 — the board said "Weldon’s leadership and engagement with employees, legislators, regulators, investors and the news media enabled the company to deal with the issues."
I read this stuff, and then I listen to our governor bloviate on and on about how teacher accountability doesn't exist like it does in the "real" world, and it just makes me want to punch a hole in the wall.[...]Competitors Pfizer Inc. and Merck & Co. each named new CEOs in recent months, generating speculation that J&J’s board would follow suit and replace Weldon. But analysts have pointed out that many directors on the J&J board were nominated to their positions by Weldon, who is also chairman.
Were I as bad at my job as William Weldon, I never would have earned tenure. My annual evaluations wouldn't be as glowing as Weldon's, because I didn't get to appoint my boss to his job. I'd have parents running to my principal, complaining about my teaching. My supervisor and superintendent would be having regular conversations with me. I'd be quietly encouraged to find other work, as happens in schools all the time.
And I sure as hell wouldn't get a bonus - ANY bonus. And that's fine: I knew what I was signing up for going in. I knew stock options and corporate perks would be off the table. It was worth it to me: I made a conscious choice. And I have every right to be mad as hell that the deal I made to get into this profession is now being broken while incompetent clowns like William Weldon make insane amounts of money while sending jobs overseas.
Let's be honest: this lack of responsibility happens all the time, at all levels up and down the corporate ladder. There's a reason "The Office" and "Dilbert" ring true with people: they're based on the way things really are in American business. Incompetent people are rewarded all the time.
So cut the crap about my lack of accountability. I'm far, far more accountable than William Weldon ever was. J&J would be much better off - and so would its shareholders - if Weldon ever had to answer for his ability the same way teachers have to answer for theirs.