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"Deportation Unit" SCRAPES Invaders Off The Sidewalk Status: Not Logged In; Sign In Business See other Business Articles Title: Outsize Severance Continues for Executives, Even After Failed Tenures Source: New York Times URL Source: http://www.nytimes.com/2011/09/30/b ... er-failed-tenures.html?_r=1&hp Published: Sep 29, 2011 Author: ERIC DASH Post Date: 2011-10-01 12:11:26 by lucysmom Keywords: None Views: 25928 Comments: 56 The golden goodbye has not gone away. Just last week, Léo Apotheker was shown the door after a tumultuous 11-month run atop Hewlett-Packard. His reward? $13.2 million in cash and stock severance, in addition to a sign-on package worth about $10 million, according to a corporate filing on Thursday. At the end of August, Robert P. Kelly was handed severance worth $17.2 million in cash and stock when he was ousted as chief executive of Bank of New York Mellon after clashing with board members and senior managers. A few days later, Carol A. Bartz took home nearly $10 million from Yahoo after being fired from the troubled search giant. A hallmark of the gilded era of just a few short years ago, the eye-popping severance package continues to thrive in spite of the measures put in place in the wake of the financial crisis to crack down on excessive pay. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 16. #1. To: A K A Stone, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, mininggold, brian s, mcgowanjm (#0) Now comes Mr. Apotheker’s $13.2 million severance payout when the stock price was cut in half. That is made up of $7.2 million in cash, the ability to sell $3.6 million of restricted stock and a $2.4 million bonus. H.P., which paid $2.9 million to relocate Mr. Apotheker to California, will now pay to move him to Belgium or France and cover losses of up to $300,000 on the sale of his house. I would be willing to fail twice as good at half the price. How does one fail AND get paid a bonus? lucysmom  posted on  2011-10-01   12:19:18 ET  Reply   Untrace   Trace   Private Reply   #3. To: lucysmom (#1) How does one fail AND get paid a bonus? You should ping Badeye. He might know. Skip Intro  posted on  2011-10-01   14:29:20 ET  Reply   Untrace   Trace   Private Reply   #4. To: Skip Intro, Badeye (#3) You should ping Badeye. He might know. Badeye, how does one fail and get paid a bonus? lucysmom  posted on  2011-10-01   16:47:37 ET  Reply   Untrace   Trace   Private Reply   #9. To: lucysmom (#4) Badeye, how does one fail and get paid a bonus? I'll ignore skippy's bullshit, and answer you honestly. I've NEVER understood that concept. How inthe world GM lost 6 billion dollars in one year, and gave the CEO at the time a bonus over 10 million for 'annual performance' simply staggers me. Thats why I thought bailing out GM via taxpayer money was absolute insanity, and was 100% against doing so. Same for the banks btw. Our government, led by Bush at the time, propped up failed business models. And eventually we will have to bail them out once again, if only because these business entities only learned one lesson. 'If we screw up, THEY think we're to Big to Fail!'. The precedent set should frighten then hell out of every taxpayer, irregardless of party affiliation. btw, we've never lost money here in my company. Which demonstrates skippy's ignorance. Badeye  posted on  2011-10-02   11:46:49 ET  Reply   Untrace   Trace   Private Reply   #12. To: Badeye, lucysmom, Skip Intro (#9) (Edited) btw, we've never lost money here in my company “We were a multi-million-dollar-a-year business just 36 months ago,” said [Boofer]. Now, [TitsUp Inc.] employs only five people and is now only a few months from bankruptcy, largely due to the fact that the company is handling only 150 criminal history searches — or five percent of normal — on a daily basis. “We made money under Clinton,” he said. “We made money under Bush. We are being KILLED under Obama! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Alert the B schools, LM, "being killed" and "months away from bankruptcy" area new terms for "PROFITS"... war  posted on  2011-10-02   11:54:55 ET  Reply   Untrace   Trace   Private Reply   #13. To: war, Badeye (#12) “We made money under Clinton,” he said. “We made money under Bush. We are being KILLED under Obama! Ahh, but you see, the failure is Obama's, not Badeye's. lucysmom  posted on  2011-10-02   12:25:33 ET  Reply   Untrace   Trace   Private Reply   #14. To: lucysmom (#13) (Edited) How is "months away from bankruptcy" translated into "never lost money"? We've been there back with one of our first enterprises...we weren't getting paid and bills were getting put off...then Clinton got his budget plan passed... My guess tho...is Boofer is just a liar... Dog bites man...sun sets in west...film at 11... war  posted on  2011-10-02   12:29:48 ET  Reply   Untrace   Trace   Private Reply   #15. To: war (#14) Why do you keep bringing Badeye into the conversation when this isn't about him? Why are you so obsessed with him? A K A Stone  posted on  2011-10-02   12:32:42 ET  Reply   Untrace   Trace   Private Reply   #16. To: A K A Stone (#15) (Edited) Read the thread, doof. Have you ever noticed that you are never correct about anything that you accuse me of doing? war  posted on  2011-10-02   12:34:48 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 16. #17. To: war (#16) This article is about Hewelitt Packard. I'm not trying to "penalize" you or anything. I was just curious. A K A Stone  posted on  2011-10-02 12:37:26 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 16. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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