Michael Sigman: Most Americans — for whom the phrase “retirement package” is a cruel joke — have watched their net worth collapse while CEO payouts have reached heights far beyond the reach of mortal men.
n 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 […]