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.... callchet .... Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-05-09 01:30 PM
Original message
How many
How many severance packages can one ceo get in a lifetime. I was wondering why so many of these mulltimillion dollar wage earners leave so shortly after being hired. Is it the scam within a scam. Can they get get another multimillion dollar severance package ?
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-05-09 01:33 PM
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1. They'll get as many as boards of directors agree to.
The whole thing is shockingly inbred, ex CEOs sitting on other boards between jobs and playing the "you scratch my back, I'll scratch yours" game for years.

It's basically a corporate looting scam, embezzlement by the scions of the wealthy. The only way to stop it is for the heavy hand of government regulation to fall.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-05-09 01:55 PM
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2. Amen.
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Hawkowl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-05-09 03:23 PM
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3. Inbred indeed
People don't realize the implications of 5% of the people owning 85% of EVERYTHING in the country. It means that this small group of people sit on ALL the major corporations boards of directors. They control everything. They play together at the private clubs and they work together in the backroom boardrooms.

Corporations are not democracies. Your 100 shares of GE or MS doesn't mean jack shit. Because the majority always rules and the majority is owned by the minority and they want what you got.
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