Take Douglas A. Pertz. He was named CEO of Harman Industries in May. His base annual salary was $850,000. Unfortunately, Pertz's background in paper and salt apparently was not a match for the consumer electronics business. He resigned on August 21.
When I resigned, I did not receive a severance package. Did you? Like so many public companies Harman paid Pertz $3,800,000+ in severance. Did Pertz earn it? During his reign, Harman's stock went from $101 to $82.
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