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Multi-million retirement packages of CEOs
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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Multi-million retirement packages of CEOs
Jack Welch
Company: General Electric
Package: $417 million
Tenure: 1981-2001
Global rank: 1
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Multi-million retirement packages of CEOs
Lee Raymond
Company: Exxon Mobil Corporation
Package: $320 million
Tenure: 1993-2005
Global rank: 2
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Multi-million retirement packages of CEOs
William McGuire
Company: UnitedHeath Group
Package: $286 million
Tenure: 1991-2006
Global rank: 3
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Multi-million retirement packages of CEOs
Ed Whitacre
Company: AT&T Inc
Package: $230 million
Tenure: 1990-2007
Global rank: 4
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Multi-million retirement packages of CEOs
Robert Nardelli
Company: Home Depot Inc
Package: $223 million
Tenure: 2000-2007
Global rank: 5
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Multi-million retirement packages of CEOs
John Kanas
Company: North Fork Bank, now with BankUnited Inc
Package: $214 million
Tenure: 1977-2006
Global rank: 6
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Multi-million retirement packages of CEOs
Fred Hassan
Company: Merck & Co, actually Schering-Plough
Package: $189 million
Tenure: 2003-2009
Global rank: 7
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Multi-million retirement packages of CEOs
Louis Gerstner
Company: International Business Machines
Package: $189 million
Tenure: 1993-2002
Global rank: 8
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Multi-million retirement packages of CEOs
Hank McKinnell
Company: Pfizer
Package: $188 million
Tenure: 2001-2006
Global rank: 9
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Multi-million retirement packages of CEOs
Thomas Ryan
Company: CVS Caremark Corporation
Package: $185 million
Tenure: 1998-2011
Global rank: 10
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Multi-million retirement packages of CEOs
James Kilts
Company: Gillette
Package: $164 million
Tenure: 2001-2005
Global rank: 11
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Multi-million retirement packages of CEOs
Robert Ulrich
Company: Target Corporation
Package: $164 million
Tenure: 1994-2008
Global rank: 12
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Multi-million retirement packages of CEOs
Stan O'Neal
Company: Merrill Lynch
Package: $161 million
Tenure: 2002-2007
Global rank: 13
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Multi-million retirement packages of CEOs
Jerry Grundhofer
Company: US Bancorp
Package: $159 million
Tenure: 2001-2006
Global rank: 14
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Multi-million retirement packages of CEOs
Joel Gemunder
Company: Omnicare
Package: $146 million
Tenure: 2001-2010
Global rank: 15