The Severance Packages That Most People Can Only Dream About
by SavvyRoo on Jan 4, 2015 | Views: 148 | Score: 0
| Amount of money awarded in severance package (in dollars) | |
|---|---|
| Jack Welch | 417361902 |
| Lee Raymond | 320599861 |
| Bill McGuire | 285996009 |
| Ed Whitacre | 230048463 |
| Bob Nardelli | 223290123 |
| John Kanas | 214300000 |
| Fred Hassan | 189352324 |
| Lou Gerstner | 189005929 |
| Hank McKinnel | 188329553 |
| Tom Ryan | 185415435 |
Sources:
wealthwire.com
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The ever-controversial "Golden Parachute" retirement packages are awarded to company executives in an attempt to regulate the market for corporate control. Oftentimes, though, the amount of money afforded to these CEOs can seem ludicrous at best, and criminal at worst. The former CEO of General Electric Jack Welch holds the record for the largest severance package, retiring from his position with a severance package worth over 400 million dollars.