Rob Gillette, who resigned as chief executive officer of First Solar Inc. (FSLR) this week after boosting production capacity during a slump, collected $29.9 million for his initial 15 months on the job and may be eligible for an $8.9 million severance package.The world’s biggest maker of thin-film solar panels rewarded Gillette while its shares dropped 60 percent from the day he started in October 2009 through Oct. 24, the day before he stepped down. Gillette’s compensation is at least 19 percent more than what Chevron Corp. CEO John Watson earned over the same period, when the U.S. energy company’s shares gained 54 percent.
RE: that’s nothing.
I’d settle for 10% of nothing :)
Corzine and Gillette are the people who have got OWS all riled up. Anyone here want to to defend these two?