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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: 25893 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 # 52. #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   #22. To: lucysmom (#13) Ahh, but you see, the failure is Obama's, not Badeye's. Ummm, goofy? What 'failure'? News flash, sunshine. My company is turning a profit. Its not anywhere near what it was under Clinton, let alone under Bush, but we are turning a profit. So...tell me, what failure are you speaking of? Badeye  posted on  2011-10-02   14:17:19 ET  Reply   Untrace   Trace   Private Reply   #26. To: Badeye (#22) So...tell me, what failure are you speaking of? If it ain't growing, it's contracting and is thus a failure. lucysmom  posted on  2011-10-02   16:31:41 ET  Reply   Untrace   Trace   Private Reply   #27. To: lucysmom (#26) So...tell me, what failure are you speaking of? If it ain't growing, it's contracting and is thus a failure. Whats Owe-bama have to do with this? lmao. Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'? God, I couldnt' SCRIPT something that would display liberal insanity more than what you posted. THANK YOU GOOFY. Badeye  posted on  2011-10-03   8:36:33 ET  Reply   Untrace   Trace   Private Reply   #30. To: Badeye (#27) Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'? Is this you, Badeye? We were a multi-million-dollar-a-year business just 36 months ago ...now only a few months from bankruptcy... Were you telling the truth now, or then? lucysmom  posted on  2011-10-03   10:12:04 ET  Reply   Untrace   Trace   Private Reply   #31. To: lucysmom (#30) We were a multi-million-dollar-a-year business just 36 months ago ...now only a few months from bankruptcy... Were you telling the truth now, or then? I'm telling the truth in both instances goofy. You honestly believe businessmen just 'stand pat'? Confronted by decreasing revenues, we adjusted accordingly, like EVERY COMPANY. We cut expenditures across the board, didn't replace a staffer that gave birth to her 2nd child and became a 'stay at home mom'. Would have preferred it to be otherwise, but in the failing Owe-bama economy, you do what you have to do. Are you really this stupid, or is this just an act? Honestly, I'm still laughing at your assertion making a profit is somehow a 'failure'. Sheesh. Badeye  posted on  2011-10-03   10:17:16 ET  Reply   Untrace   Trace   Private Reply   #33. To: Badeye (#31) Would have preferred it to be otherwise, but in the failing Owe-bama economy, you do what you have to do. #27. To: lucysmom (#26) So...tell me, what failure are you speaking of? If it ain't growing, it's contracting and is thus a failure. Whats Owe-bama have to do with this? lmao. Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'? God, I couldnt' SCRIPT something that would display liberal insanity more than what you posted. THANK YOU GOOFY. Proxy IP's are amusing.....lmao Badeye posted on 2011-10-03 8:36:33 ET Reply Trace Private Reply lucysmom  posted on  2011-10-03   10:29:47 ET  Reply   Untrace   Trace   Private Reply   #35. To: lucysmom (#33) And? You reinforce you're and idiot AGAIN, and you think thats a rebuttal? Once again, its why I call you 'goofy'. And to be honest, thats being polite about it. Badeye  posted on  2011-10-03   10:31:54 ET  Reply   Untrace   Trace   Private Reply   #36. To: Badeye, war (#35) You reinforce you're and idiot AGAIN, and you think thats a rebuttal? Just noting the ever shifting sands of truth in Booferville. lucysmom  posted on  2011-10-03   10:41:23 ET  Reply   Untrace   Trace   Private Reply   #37. To: lucysmom, Badeye (#36) If it ain't growing, it's contracting and is thus a failure. In the "Boofer Rules For Business" the term "decreasing" does not mean contracting but expanding. Gee...and I was just getting this stuff down, which I guess, means up now... war  posted on  2011-10-03   10:44:56 ET  Reply   Untrace   Trace   Private Reply   #41. To: war (#37) In the "Boofer Rules For Business" the term "decreasing" does not mean contracting but expanding. Some Badeye wisdom on good tax cuts and useless tax cuts. The same thing goes for job creation, he explained, citing the government's offer of tax credits for companies that hire individuals who've been unemployed for some lengthy period of time. "Why on earth would I fill a job that's going to cost me $25,000 a year minimum to get a $6,000 tax credit and have a person sitting around with nothing to do because we don't have the business? It doesn't make any sense! "It they want to help people like me, they need to cut taxes across the board and get the venture capital back in the game," he said. "There's no incentive for small businesses to hire." lucysmom  posted on  2011-10-03   10:56:46 ET  Reply   Untrace   Trace   Private Reply   #42. To: lucysmom (#41) "It they want to help people like me, they need to cut taxes across the board and get the venture capital back in the game," he said. "There's no incentive for small businesses to hire." This is the type of statement that is 100% pure Boofer Bullshit. it almost sounds as if he "knows" what he is "talking" about. But when you examine the statement and its implications, it makes no fucking sense whatsoever. It's nothing but double-talk. VC's invest in viable business models. "Across the board tax cuts" have little to nothing to do with their investment decisions. I say little because investment income is taxed at a lower rate than "sweat of brow" income and most VC's are structured offshore or as "business trusts" so tax liability is really not much of a concern to them. And capital formation isn't taxed at all. war  posted on  2011-10-03   11:05:14 ET  Reply   Untrace   Trace   Private Reply   #45. To: war (#42) VC's invest in viable business models. "Across the board tax cuts" have little to nothing to do with their investment decisions. High taxes, low taxes, people with money are always looking for stuff to invest in to make more money. lucysmom  posted on  2011-10-03   11:38:33 ET  Reply   Untrace   Trace   Private Reply   #48. To: lucysmom (#45) High taxes, low taxes, people with money are always looking for stuff to invest in to make more money. Considering that the top tax rate in the 1950s was 90%, it should have been a horrible decade for jobs, according to the GOP. Curiously, it was just the opposite. Skip Intro  posted on  2011-10-03   11:44:59 ET  Reply   Untrace   Trace   Private Reply   #50. To: Skip Intro (#48) It is a mystery. lucysmom  posted on  2011-10-03   11:48:49 ET  Reply   Untrace   Trace   Private Reply   #51. To: lucysmom (#50) (Edited) It is a mystery. The only explanation is that Eisenhower/Nixon were really commies, a fact proven beyond doubt when Nixon went to Commie China. I always thought it was suspicious how chummy Eisenhower and Stalin were during WWII. Skip Intro  posted on  2011-10-03   11:53:14 ET  Reply   Untrace   Trace   Private Reply   #52. To: Skip Intro (#51) The only explanation is that Eisenhower/Nixon were really commies... They're everywhere you know - commies that is. lucysmom  posted on  2011-10-03   11:58:10 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 52.         There are no replies to Comment # 52. End Trace Mode for Comment # 52. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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