CEOs Golden Parachutes

Golden ParachutesIn 2008, approximately  1,484 CEOs left or were fired from their jobs. But most of them left with hefty severance packages or “Golden Parachutes” which softened the fall for so many of the executives responsible for the financial crisis.

General Motors CEO Rick Wagoner stepped down under pressure from the White House.  His Golden Parachute is worth more than the average American will earn in a life time.

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  1. says

    29. You actually make it seem so easy with your presentation but I find this matter to be actually something that I think I would never understand. It seems too complex and very broad for me. I’m looking forward for your next post, I’ll try to get the hang of it!

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