DISQUS

KnowHR Blog: Golden Parachutes Should Be Made of Lead

  • Michelle Malay Carter · 2 years ago
    Maybe this crazy trend is reversing. Merill Lynch's ousted CEO will receive no serverance!

    http://www.thestar.com/Business/article/272091

    Regards,

    Michelle
  • albert · 2 years ago
    I don't understand how these 'golden parachutes' work. The idiots, and I use that term fondly, at the top keep getting richer and hired for more top spots. If I had a company and a guy takes the blame for a $2.3B loss in Q3, I don't give him $161M as the door hits his ass on the way out. Merrill's CEO took in $160M in the last 5 years before getting this $161M parting gift.
  • Frank Roche · 2 years ago
    Albert, it's one of the great mysteries of the universe. Being responsible with shareholders' money is paramount...so I don't get what happens. How in the hell, actually...
  • Scott McArthur · 2 years ago
    If you work out how to get one of these please bottle it and send me a 6 pack!
  • Frank Roche · 2 years ago
    Michelle, maybe there is some sensibility out there! Thanks for that link.