21 CEOs Who Floated Away On Golden Parachutes Worth More Than $100 Million
Being the CEO of a multibillion-dollar global corporation is tough work. Or at least it had better be, considering the amount of money some of these folks were paid just to quit.
GMI Ratings recently released a detailed report — click here to read the PDF — on this blackjack of executives, many of them from businesses that are perennial Worst Company In America contenders, who cashed out with ridiculously large parting gifts.
But since you probably just want to see the list so you know how much to envy/hate/worship/aspire to become these erstwhile titans of industry, so here goes, in order from über-huge parachute to merely gaudy:
John F. Welch Jr.; General Electric (1981-2001) $417,361,902
Lee R. Raymond; Exxon Mobil Corp. (1993-2005) $320,599,861
William D. McGuire; UnitedHealth Group (1991-2006) $285,996,009
Edward E. Whitacre Jr.; AT&T (1990-2007) $230,048,463
Robert L. Nardelli; Home Depot Inc. (2000-2007) $223,290,123
John A. Kanas; North Fork Bank (1977-2006) $214,300,000
Fred Hassan; Merck & Co., Inc./Schering-Plough (2003-2009) $189,352,324
Louis V. Gerstner Jr.; IBM (1993-2002) $189,005,929
Hank A. McKinnell Jr.; Pfizer Inc. (2001-2006) $188,329,553
Thomas M. Ryan; CVS Caremark Corp. (1998-2011) $185,415,435
James M. Kilts; Gillette Co. (2001-2005) $164,532,192
Robert J. Ulrich; Target Corp. (1994-2008) $164,162,612
E. Stanley O’Neal; Merrill Lynch & Co. (2002-2007) $161,500,000
Jerry A. Grundhofer; U.S. Bancorp (2001-2006) $159,064,090
Joel F. Gemunder; Omnicare, Inc. (2001-2010) $146,001,476
Wallace D. Malone Jr.; Wachovia/South Trust (1981-2004) $125,292,818
George A. L. David; United Technologies Corp. (1994-2008) $122,631,309
Margaret C. Whitman; eBay Inc. (1998-2008) $120,427,360
Leonard Schaeffer; WellPoint Health (1992-2004) $119,041,000
Bob R. Simpson; XTO Energy Inc. (1986-2008) $103,485,972
Thomas E. Freston; Viacom (2006) $100,839,772
Golden Parachutes: 21 CEOs Landed $100M Plus [ABC News]
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