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The new golden parachute: buyout deals
|Last Edited||RP Nov 01, 2011 11:27am|
|News Date||Tuesday, November 1, 2011 05:00:00 PM UTC0:0|
|Description||Golden parachutes, the huge payouts some CEOs receive when they’re ousted from the top job, have been the subject of increasing public scrutiny. |
But now, exorbitant payouts to chief executives of companies that have been acquired are becoming a new kind of parachute and they are even more lucrative than getting sacked, according to a Wall Street Journal analysis of filings with the Securities and Exchange Commission.
The CEOs of three recently acquired companies will rake in sums of $50 million or more as a result of the deals, according to The Wall Street Journal.