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.

Published by the LA Progressive on March 31, 2009
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About Sharon Kyle

Sharon Kyle, J.D. is the Publisher of the LA Progressive which she co-founded with her husband Dick Price. Ms. Kyle is an adjunct professor of law at Peoples College in Los Angeles. She sits on the board of the ACLU Pasadena/Foothills Chapter and is on the editorial board of the BlackCommentator.com. Photo courtesy Wadeva Images. www.wadevaimages.com