Why do they regard people for bad performance? Do these jerks not get paid enough for the title??
In that wonderful 20-20 hindsight, I wish I'd worked summers at Home Depot in high school, back when it was mostly a local chain. They gave every employee stock options when they first went public, and there are quite a few folks who are retired millionaires in their 30s and 40s because they stocked shelves or drove a truck 20-odd years ago.
He walks away with an average of $80,000,000(eighty-million) per year service at HD.
Home Depot doesn't get Medicare dollars. How about United Health Care's McQuire and his 123 Million a year and 2 Billion dollar stock options that were backdated?
Let me get this straight; the guy drives his company's stock into the toilet, and gets a $210M payday in return?
That's not free enterprise, that's piracy.
Quite a few CEOs have resigned lately, statistically. However, they're taking huge amounts of money with them. Stock market may decline drastically, but these guys will have plenty of bucks to "reinvest". Something to watch.
I'm constantly surprised that more of these boards don't hire counsel to negotiate the CEO compensation packages considering how incredibly incompetent they are at it. They make Gray Davis look like he was getting a fair price for electricity back in 2001 for CA taxpayers.
Man, I wish I could suck at my job and get paid $210 million to leave.