Friday, January 27, 2012

Golden Parachutes: 21 CEOs Landed $100M Plus

Rewarded for ruining the economy. The criminal enterprise system (not free enterprise system) is nothing but a looting of the American economy. Record profits are not going towards creating jobs or giving workers a decent wage but rewarding greed and incompetence:

According to the study, 21 CEOs received more than $100 million each in “‘walk away” packages. In all, companies like GE, Exxon Mobil Corp., AT&T and Home Depot Inc., have collectively provided nearly $4 billion in golden parachutes. But according to Hodgeson, those figures could be on the low-side.

‘These numbers don’t include the perks – the use of the corporate jet, the corner offices – a lot of the compensation that doesn’t get listed on the public files.’

But despite the staggering amounts, golden parachutes serve a purpose when it comes to wooing a potential CEO to take the helm.
Full article

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