Guest Post: And CEOs' Pensions?
Pension Pulse
29 Marzo 2009
A buddy of mine emailed me urging me to write about CEO pensions. So how good are CEO pensions? I found a Forbes article from July 2007 stating that CEO pensions continue to soar:
Maybe "pension" isn't the right word anymore to call what the world's top bosses are raking in after they call it quits. "Incentive" is more like it.
The latest example: "Ma Bell" boss Edward Whitacre, 65, widely acknowledged as a revolutionary in the telecommunications business, will be handsomely compensated for his 43 years of service at AT&T.
His total package is a reported $161 million. But is he, or any of these oft-vaunted executives, worth it?
Paul Hodgson, senior research associate at the Corporate Library, believes such an award isn't warranted, considering that Whitacre, whose last day on the job is June 3, has already been paid his fair share for working the past four-plus decades for the …
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