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Reply #9: Another forgotten fact about the CEO: The Golden Parachute [View All]

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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007)

noahmijo

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Thu Jan-05-06 09:46 PM
Response to Original message

9. Another forgotten fact about the CEO: The Golden Parachute

Every CEO is entitled to what is called "The Golden Parachute" which if the CEO is fired by the Board of Directors he/she is entitled to a lump sum of anywhere from $3-15 MILLION (from what I have seen when viewing records of CEO's GP's)

How many average workers do you know are told "Hey don't worry if you get fired or laid off we'll make sure you're set for life in one lump sum!"

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