I assume that Ellen, the author, is an anti-capitalist.
If (big If) the facts are as stated and one deducts the detailed sums noted, it appears that the retiring Exec only got about 12 million as a retirement pkg. Most of the rest was earned from his time serving (pension) or deferred from prior years.
Now, if one hates capitalism, one will try and agglommerate all possible sums to make a really, really big number, in an effort to incite a riot. Pretty juvenile way to present an argument, IMHO.
What a bunch of class-envy freepers here!! They should just go back and reread Capitalism.