For example, the CEO of Home Depot just got a $210 million severance package to resign. The shareholders were unhappy at the stagnant stock price. Why do they agree to give this man such an extravagant severance package? Could he not survive the rest of his life on only $10 million?
2007-01-03 10:31:58 · 2 answers · asked by trer 3 in Business & Finance ➔ Corporations
Because they are all in cahoots with each other. He's probably on some other board where the CEO of that company is on the board of Home Depot.
2007-01-03 10:40:22 · answer #1 · answered by Sax M 6 · 0⤊ 0⤋
Some of it is in the initial contract when that CEO was hired, some of it is a way of buying the CEO's loyalty and sealed lips about the internal workings/plans/r&d/future plans/secrets/ and illegal or semi legal activities.
2007-01-03 10:39:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋