Photos: CEOs Golden Parachutes From Failed Firms

« Return to Multimedia

Discuss

Member Comments

  • Posted By: AmeriScot @ 09/19/2008 10:31:01 PM

    A lot of these jokers need to be wearing orange jumpsuits.

  • Posted By: eleanorbrooks@ca.rr.com @ 09/19/2008 10:30:02 PM

    give it back give it back give it back. when regular folks do a bad job, they get fired; they don't walk away with the investors money and the taxpayers don't bail them out.

  • Posted By: 2paul13 @ 09/19/2008 10:29:50 PM

    Any CEO and his top executives guilty of mismanaging the assets placed under their custody should be brought to trial and sentenced to federal prision. All golden parachutes and subsequent compensation should be denied. It seems that our present system rewards these crooks for being crooks

  • Posted By: Blackbird747 @ 09/19/2008 10:25:48 PM

    These crooks should be rounded up and horsewhipped before going to jail. Then take back the money they stole from the American people..

  • Posted By: westerngent @ 09/19/2008 10:22:10 PM

    I TOTALLY AGREE WITH RAINMAN ON THIS ISSUE..IF A COMPANY GOES BANKRUPT THESE CEO'S SHOULD BE PENALIZED...

  • Posted By: westerngent @ 09/19/2008 10:20:42 PM

    lET'S JUST OUTSORCE THE CEO'S THE WAY THEY DO AMERICAN JOBS...

  • Posted By: Practical @ 09/19/2008 10:19:31 PM

    Why are we bailing out these companies???? We ,as taxpayers ( the average working American who makes less than $50K our whole lives!!!) , have to pay a trillion dollars for all these companies not to go under...Who helps as average working people when we go under??? I say, MAKE the CEO's , who makes millions of dollars, give the money back to the companies that they ran to the ground! If they are suppose to be the geniuses!

  • Posted By: JMuchler @ 09/19/2008 10:16:54 PM

    Why in the world aren't these people being sued for every dime they got. Investors, homeowners and now the American taxpayer are footing the bill for their expert stewardship. People have sued business owners for ruining a pair of pants, it's time to hold these fool's feet to the fire.

  • Posted By: birdpilot @ 09/19/2008 9:10:56 PM

    A couple of suggestions:

    Any CEO (or comparable) who presides over a company's failure to the extent the
    company must be absorbed by another or that mush receive form of government or
    quasi-government entity bailout MUST RESIGN AND FOREGO any differed
    compensation due and/or any severance pay of any kind and is forbidden from any
    form of corporate governance at or above the level of vice-president for a
    period of 10 years.

    No one person may hold the title of CEO (or comparable) and Chairman of the
    Board of Directors of the same corporate entity at the same time. This applies
    to companies with a market capitalization or book value of over $100 million.

    Every member of a corporate Board that presides over a company's failure to the
    extent the company must be absorbed by another or that must receive any form of
    government or quasi-government entity bailout MUST resign from the Board of
    that company AND FROM ANY OTHER COMPANY BOARD of which they belong and is
    forbidden from any form of corporate governance for a period of 10 years.

    Each member of a corporate Board of Directors MUST sign off on the compensation
    package for the company's CEO (or comparable) that such compensation does NOT
    allow for severance pay OF ANY KIND, INCLUDING PAYMENT OF ANY PREVIOUSLY
    DIFFERED COMPENSATION, should the company fail to the extent the company must
    be absorbed by another or that must receive any form of government or
    quasi-government entity bailout. Further, the comp package must include
    language that the CEO (or comparable) may be fired by the Board without any
    severance or previously differed compensation being paid should the loss of
    shareholder value from it's highest level during the CEO's tenure be decreased
    by greater than 60%.

  • Posted By: see the light @ 09/19/2008 8:45:42 PM

    These men got millions for their expertise at making money and steering clear of bad business dealings to benefit the stockholders. At the very least they should forfeit all money, assets , aka properties , liquidate all and return to investors. Let them balance McDonalds books....NOT

  • Posted By: LoyalWaMuEmployee @ 09/19/2008 8:38:10 PM

    Where's Kerry Killinger of WaMu? My 401K is part of his 'chute....

Reply

Report Abuse

Enter comments if any for reporting abuse