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"A historical political resource."
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The new golden parachute: buyout deals
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| Contributor | RP |
| Last Edited | RP Nov 01, 2011 11:27am |
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| Category | Commentary |
| Author | Marisa Taylor |
| News Date | Tuesday, November 1, 2011 07:00:00 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. |
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