Looking at these figures my mind keeps seeing them as in the hundred thousands so I have to force myself to see that they are in excess of hundred of millions.
I worked myself burning the candle at both ends and ruined my health only to see people like these having more money than they can possibly spend in five lifetimes. I really wonder at times if there is a way to "take it with you when your die."
In the end we all die including the rich, poor,uber health nuts, athletes, porn stars, beauties, homely. young and old, the pampered and the tortured, the famous and the nobodies.
...So-called golden parachutes are contractual provisions that compensate executives, if they are terminated without cause. And according to a first-of-its-kind report, the payout practice has guaranteed several outgoing chiefs with nine-figure landings to help soften the fall from their corner offices.
The biggest parachute according to GMI Ratings Report? More than $400 million awarded to Jack Welch, after he served as General Electric’s CEO from 1981 to 2001. While Welch is widely credited with turning GE into a global conglomerate powerhouse, the report does not compare an executive’s performance with the amount of their compensation. Rather, its authors say the purpose of the survey was to cast light on the amount of compensation that was awarded above and beyond the salary provided during the CEO’s tenure.
... 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.
...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.’
John F. Welch Jr.; General Electric (1981-2001) $417,361,902
Lee R. Raymond; Exxon Mobil Corp. (1993-2005) $320,599,861
William D. McGuire; UnitedHealth Group (1991-2006) $285,996,009
Edward E. Whitacre Jr.; AT&T (1990-2007) $230,048,463
Robert L. Nardelli; Home Depot Inc. (2000-2007) $223,290,123
John A. Kanas; North Fork Bank (1977-2006) $214,300,000
Fred Hassan; Merck & Co., Inc./Schering-Plough (2003-2009) $189,352,324
Louis V. Gerstner Jr.; IBM (1993-2002) $189,005,929
Hank A. McKinnell Jr.; Pfizer Inc. (2001-2006) $188,329,553
Thomas M. Ryan; CVS Caremark Corp. (1998-2011) $185,415,435
James M. Kilts; Gillette Co. (2001-2005) $164,532,192
Robert J. Ulrich; Target Corp. (1994-2008) $164,162,612
E. Stanley O'Neal; Merrill Lynch & Co. (2002-2007) $161,500,000
Jerry A. Grundhofer; U.S. Bancorp (2001-2006) $159,064,090
Joel F. Gemunder; Omnicare, Inc. (2001-2010) $146,001,476
Wallace D. Malone Jr.; Wachovia/South Trust (1981-2004) $125,292,818
George A. L. David; United Technologies Corp. (1994-2008) $122,631,309
Margaret C. Whitman; eBay Inc. (1998-2008) $120,427,360
Leonard Schaeffer; WellPoint Health (1992-2004) $119,041,000
Bob R. Simpson; XTO Energy Inc. (1986-2008) $103,485,972
Thomas E. Freston; Viacom (2006) $100,839,772
and Money Data Source
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When I was 5 years old, my mother always told me that happiness was the key to life. When I went to school, they asked me what I wanted to be when I grew up. I wrote down ‘happy.’ They told me I didn’t understand the assignment, and I told them they didn’t understand life.~ John Lennon