Seem to remember the same type of CEO salary packages under Clinton. What's new!
If one thinks this is out of line, use the law of contracts as a check, without government interference.
Require all such packages to be approved by shareholders, before the contract is finalized. Shareholders want good executives, but realize overly generous packages come out of their pockets.
That just makes me so mad and sick at the same time. He should have to live and work and earn his money like the rest of us, but NO, he sits on his bottom and gets his money poured in his lap or in his wallet. Geez
Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes.[from article]
he's probably gonna need those security guards!
like Gomer Pyle always said "it just ain't right Andy, it just ain't right!"
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