Saturday, April 14, 2007

"It would be interesting..

if the guys who were on the compensation committee were writing the checks," Michael Kesner of Deloitte & Touche. Mr. Kesner's comments concluded an article in Sunday's NY Times about the exit packages received by big-time CEOs.

Consider in 2006 thirty-five CEOs of major companies got the boot; on average they walked out with $22+ million. But that is nothing compared to the $210,000,000 taken home by Nardelli of Home Depot or the $200,000,000 Pfizer gave McKinnell, whose reign costs shareholders $137 billion.

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