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Re: Golden Parachutes: 21 CEOs Landed $100M Plus 

By: CTJ in POPE | Recommend this post (2)
Sun, 11 Mar 12 6:38 PM | 68 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 53220 of 65535
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- Former New York Times Co (NYT.N) Chief Executive Janet Robinson received a total payout of nearly $24 million after she left the newspaper publisher at the end of last year, according to a regulatory filing on Friday.

Robinson, a 28-year veteran with the company, has yet to be replaced by Chairman and Publisher Arthur Sulzberger Jr, who is temporarily acting in her place. Robinson's package includes a $4.5 million consulting fee that The Times had agreed to pay as part of her exit package, as well as pension benefits and performance-related payments.

Excluding the consulting fee, Robinson would have been paid the same amount whether she was terminated, resigned or retired, according to the filing with the U.S. Securities and Exchange Commission.

Sulzberger received $5.9 million in total compensation in 2011.

The Times which, like other U.S. newspaper publishers, has been struggling with sinking advertising revenue and dwindling print subscribers, said it had 406,000 paying digital subscribers at the end of 2011 after it rolled out an online pay system last year.


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The above is a reply to the following message:
Golden Parachutes: 21 CEOs Landed $100M Plus
By: clo in POPE
Sat, 10 Mar 12 11:32 PM 		Msg. 53184 of 65535

Jan 27, 2012 7:31am

Golden Parachutes: 21 CEOs Landed $100M Plus

By Dan Kloeffler

Jan 27, 2012 7:31am

While TV viewers love to hear the words, “You’re Fired,” from Donald Trump, few would ever want to have that conversation with their own boss. That is, unless they are the boss and managed to negotiate a hefty separation package.

So-called golden parachutes are contractual provisions that compensate executives, if they are terminated without cause. And according to a first-of-its-kind report, the payout practice has guaranteed several outgoing chiefs with nine-figure landings to help soften the fall from their corner offices.

....
According to the study, 21 CEOs received more than $100 million each in “‘walk away” packages. In all, companies like GE, Exxon Mobil Corp., AT&T and Home Depot Inc., have collectively provided nearly $4 billion in golden parachutes. But according to Hodgeson, those figures could be on the low-side.

‘These numbers don’t include the perks – the use of the corporate jet, the corner offices – a lot of the compensation that doesn’t get listed on the public files.’

But despite the staggering amounts, golden parachutes serve a purpose when it comes to wooing a potential CEO to take the helm.

more:

http://abcnews.go.com/blogs/business/2012/01/golden-parachutes-21-ceos-landed-100m-plus/

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