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Multi-million retirement packages of CEOs

Last updated on: February 8, 2013 09:12 IST

Multi-million retirement packages of CEOs

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There are some chief executive officers who not only earn multi-million dollar pay every year, but also walk out with massive retirement packages.

24/7 Wall St has reviewed the largest golden parachute packages going back to the year 2000. To keep this uniform, it only used examples in which these CEOs with golden parachutes were not founders of their companies.

Let's take a look at some huge retirement packages of CEOs.

Source: 24/7 Wall St

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Image: Mariann Lau serves glasses of wine in Las Vegas.
Photographs: David Becker/Reuters
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Jack Welch

Company: General Electric

Package: $417 million

Tenure: 1981-2001

Global rank: 1

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Image: Former CEO of General Electric Jack Welch walks down the steps of Park Street Church with Suzy Wetlaufer after their wedding in Boston, Massachusetts.
Photographs: Michael Dwyer/Reuters

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Lee Raymond

Company: Exxon Mobil Corporation

Package: $320 million

Tenure: 1993-2005

Global rank: 2

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Image: Former Exxon Mobil Corporation chairman and CEO Lee Raymond in Washington, DC.
Photographs: Yuri Gripas/Reuters

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William McGuire

Company: UnitedHeath Group

Package: $286 million

Tenure: 1991-2006

Global rank: 3

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Image: William McGuire, inset, received $286 million.
Photographs: Source: unitedhealthgroup.com

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Ed Whitacre

Company: AT&T Inc

Package: $230 million

Tenure: 1990-2007

Global rank: 4

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Image: Former Chairman and CEO of AT&T Edward E Whitacre in Detroit, Michigan.
Photographs: Rebecca Cook/Reuters
Tags: AT&T Inc

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Robert Nardelli

Company: Home Depot Inc

Package: $223 million

Tenure: 2000-2007

Global rank: 5

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Image: Former Robert L Nardelli, Chairman and CEO, Home Depot, in Atlanta, Georgia.
Photographs: Tami Chappell/Reuters

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John Kanas

Company: North Fork Bank, now with BankUnited Inc

Package: $214 million

Tenure: 1977-2006

Global rank: 6

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Image: John Kanas received $214 million.
Photographs: Source: crainsnewyork.com

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Fred Hassan

Company: Merck & Co, actually Schering-Plough

Package: $189 million

Tenure: 2003-2009

Global rank: 7

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Image: Fred Hassan, former CEO of Schering-Plough Corporation, in New York.
Photographs: Brendan McDermid/Reuters

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Louis Gerstner

Company: International Business Machines

Package: $189 million

Tenure: 1993-2002

Global rank: 8

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Image: Louis Gerstner, former CEO and Chairman, IBM, at Boston College in Newton.
Photographs: Reuters

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Hank McKinnell

Company: Pfizer

Package: $188 million

Tenure: 2001-2006

Global rank: 9

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Image: Former Chairman and Ceo Hank McKinnell, Pfizer, in Livonia, Michigan.
Photographs: Rebecca Cook/Reuters

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Thomas Ryan

Company: CVS Caremark Corporation

Package: $185 million

Tenure: 1998-2011

Global rank: 10

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Image: Thomas Ryan, former Chairman of the Board and CEO, CVS/Caremark, in New York.
Photographs: Mike Segar/Reuters

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James Kilts

Company: Gillette

Package: $164 million

Tenure: 2001-2005

Global rank: 11

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Image: Gillette's former Chairman and CEO James Kilts in Wilmington, Delaware.
Photographs: Tim Shaffer/Reuters

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Robert Ulrich

Company: Target Corporation

Package: $164 million

Tenure: 1994-2008

Global rank: 12

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Image: Shoppers pack a Target store in Chicago. Robert Ulrich, inset.
Photographs: John Gress/Reuters
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Stan O'Neal

Company: Merrill Lynch

Package: $161 million

Tenure: 2002-2007

Global rank: 13

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Image: Merrill Lynch's former president and CEO Stan O'Neal in New York.
Photographs: Chip East/Reuters

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Jerry Grundhofer

Company: US Bancorp

Package: $159 million

Tenure: 2001-2006

Global rank: 14

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Image: Jerry Grundhofer, inset.
Photographs: Soure: usbank.com

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Joel Gemunder

Company: Omnicare

Package: $146 million

Tenure: 2001-2010

Global rank: 15


Image: Joel Gemunder, inset.
Photographs: Source: Wikipedia

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