Retirement Golden for the Rich, Ominous for the Rest

golden parachute

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.

California State University: The Coming For-Profit Train Wreck

occupy sacramento

Joseph Palermo: Why should CSU administrators be paid more than the Governor of California, the Chief Justice of the Supreme Court, and even the President of the United States? Why isn’t the Chancellor termed out like California legislators and most other public officials?

CEOs Golden Parachutes

Golden Parachutes

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 [...]

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