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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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
Multi-million retirement packages of CEOs
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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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