Re:Why So Many Rich People Don’t Feel Very Rich
by dean on Tuesday January 11, 2011 @12:53PM
(#2092787)
CEOs are a good example.
I like that you made a distinction between large and extremely profitable companies, because large companies often still pay their CEOs extreme salaries even when performance falters.
Case in point, Robert Nardelli at Home Depot made $123.7 million, excluding stock option grants, over 5 years from 2002 to 2007, while the company's stock price faltered. He was essentially fired and still got a severance package of $210 million. (http://en.wikipedia.org/wiki/The_Home_Depot)
I like that you made a distinction between large and extremely profitable companies, because large companies often still pay their CEOs extreme salaries even when performance falters.
Case in point, Robert Nardelli at Home Depot made $123.7 million, excluding stock option grants, over 5 years from 2002 to 2007, while the company's stock price faltered. He was essentially fired and still got a severance package of $210 million. (http://en.wikipedia.org/wiki/The_Home_Depot)
Dick Grasso is another that comes to mind.