CEOs Golden Parachutes

by Sharon Kyle posted on Tuesday, 31 March 2009No Comment

According to a recent report, 1,484 CEOs left or were fired from their jobs in 2008. But many of these CEOs left with hefty severance packages. These severance packages or “Golden Parachutes” softened the fall for 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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