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CEOs who got millions to quit

Last updated on: January 18, 2012 11:24 IST

CEOs who got millions to quit

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While most employees are happy to get their monthly salary when they are sacked, some chief executive officers walk out with millions even after getting fired.

Let's look at CEOs who received a hefty pay packet to quit, according to Business Insider.

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Image: Some CEOs walk out with hefty pay packet.

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CEOs who got millions to quit

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Jack Welch

Severance package: $417,361,902

Years of service: 20 years

Company: General Electric

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Image: Jack Welch.


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CEOs who got millions to quit

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Lee Raymond

Severance package: $320,599,861

Years of service: 12

Company: Exxon

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Image: Lee Raymond.

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CEOs who got millions to quit

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Bill McGuire

Severance package: $285,996,009

Years of service: 15

Company: UnitedHealth Group

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Image: Bill McGuire.


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CEOs who got millions to quit

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Ed Whitacre

Severance package: $230,048,463

Years of service: 17

Company: AT&T

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Image: Ed Whitacre.

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CEOs who got millions to quit

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Bob Nardelli

Severance package: $223,290,123

Years of service: 6

Company: Home Depot

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Image: Bob Nardelli.

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CEOs who got millions to quit

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John Kanas

Severance package: $214,300,000

Years of service: 29

Company: North Fork Bank

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CEOs who got millions to quit

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Fred Hassan

Severance package: $189,352,324

Years of service: 6

Company: Schering-Plough/Merck & Co

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Image: Fred Hassan.


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CEOs who got millions to quit

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Lou Gerstner

Severance package: $189,005,929

Years of service: 9

Company: IBM

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Image: Lou Gerstner.


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CEOs who got millions to quit

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Hank McKinnell

Severance package: $188,329,553

Years of service: 5

Company: Pfizer

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Image: Hank McKinnell.


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CEOs who got millions to quit

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Tom Ryan

Severance package: $185,415,435

Years of service: 13

Company: CVS Caremark

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Image: Tom Ryan.


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CEOs who got millions to quit

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Jim Kilts

Severance package: $164,532,192

Years of service: 5

Company: Gillette

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Image: Jim Kilts.


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CEOs who got millions to quit

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Bob Ulrich

Severance package: $164,162,612

Years of service: 14

Company: Target

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Image: Bob Ulrich.

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Stan O'Neal

Severance package: $161,500,000

Years of service: 5

Company: Merrill Lynch

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CEOs who got millions to quit

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Jerry Grundhofer

Severance package: $159,064,090

Years of service: 5

Company: US Bancorp

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Image: Jerry Grundhofer.


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CEOs who got millions to quit

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Joel Gemunder

Severance package: $146,001,476

Years of service: 9

Company: Omnicare Inc

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Image: Joel Gemunder.


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CEOs who got millions to quit

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Wallace Malone

Severance package: $125,292,818

Years of service: 23

Company: SouthTrust/Wachovia

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Image: Wachovia.

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CEOs who got millions to quit

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George David

Severance package: $122,631,309

Years of service: 14

Company: United Technologies Corporation

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CEOs who got millions to quit

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Meg Whitman

Severance package: $120,427,360

Years of service: 10

Company: eBay

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Image: Meg Whitman.

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Leonard Schaeffer

Severance package: $119,041,000

Years of service: 12

Company: WellPoint Health Networks

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Bob Simpson

Severance package: $103,485,972

Years of service: 22

Company: XTO Energy Inc


Image: Bob Simpson.


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