haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
As for CEO going away packages.... I do not believe in what they get... BUT, these are not 'hey, you screwed up, go away for $100 million'....
The CEOs got a package WHEN THEY WERE HIRED or during their working career... they have a contract for a certain number of years with certain pay... and some have a severance package already negotiated.. and they get stock options along their career and also qualify for their retirement program...
So, if someone worked for a company for 30 years and their retirement program said they EARNED $1 mill a year for life it should be taken away because they are fired I don't think YOU would want that to happen to you... and if they had stock options on 1 million shares... do they lose it because they are fired I don't think YOU would want that to happen to you...
When they say the guy got a $100 mill package it is adding up all the stuff he already was due even if he quit... the better number would be what they paid him in addition to what he already had coming (if anything)...
I disagree. He made and took with him a $40,000,000 bonus last year alone. But wait, they have restated earnings- that bonus was based on phantom earnings. Take it back. He is lucky to avoid prison, and he is no worse than many others.
Christopher Dodd agrees with me.
Bloomberg.com: Exclusive
Ha