As JP Morgan Chase & Co. offers failed bankers at imploding Bear Stearns Cos. bonuses to stay during its takeover, it?s refreshing to see a business leader who ties his salary to the company?s success. Kevin Plank, chief executive officer and founder of Under Armour Inc., voluntarily cut his salary to $26,000 from $500,000 this year because Plank “believes he should be compensated for his services based primarily on [the] company?s performance,” according to Securities Exchange Commission documents. A novel concept that all who trumpet capitalism from the top should adopt.
