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Are Large CEO Severance Packages Justified?

insight.kellogg.northwestern.e… — "For example, Robert Nardelli, the former CEO of Home Depot, received $210 million, Disney’s Michael Ovitz received $140 million, Conseco’s Stephen Hilbert received $72 million, and Hewlett-Packard’s Carly Fiorina received $21 million. Even the average CEO severance package—$5.38 million when severance is negotiated prior to employment..."

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  • healthinformer, on 09/22/2008, -0/+2NO
  • JoyEllen, on 09/22/2008, -0/+2no, but I am not the one hiring them. If I were the employing corporation and felt the CEO was worth that, then I would hire them with the severance package I was willing to pay and what the prospect would accept.
  • HawgWyld, on 09/22/2008, -0/+2Probably not. But, here's the question -- what's to be done about it? Would the solution (government oversight of private contract negotiation) be worse than the problem?
  • MrDiggBury, on 09/21/2008, -0/+2Answer? No.

    Is investigating them for criminal mismanagement justified? Yes.

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