Friday, February 10, 2012

$100 Million-Plus Golden Parachutes for 21 CEOs (for 1/28/12)

GMI Ratings published a first-ever report that found 21 CEOs since 2001 took home $100 million or more of severance, often referred to as a golden parachute. Jack Welch headed General Electric for 20 years and received a golden parachute of over $400 million as his tenure as CEO ended in 2001. Exxon Mobil's Lee Raymond took home over $320 million after his 12-year tenure as CEO ended in 2005. http://news.yahoo.com/golden-parachutes-21-ceos-landed-100m-plus-123243881--abc-news.html

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