This article was first published 12 years ago

Multi-million retirement packages of CEOs

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

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

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: 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

Jack Welch

Company: General Electric

Package: $417 million

Tenure: 1981-2001

Global rank: 1

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General Electric Package

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

Lee Raymond

Company: Exxon Mobil Corporation

Package: $320 million

Tenure: 1993-2005

Global rank: 2

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Lee Raymond Exxon Mobil Corporation Package

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

William McGuire

Company: UnitedHeath Group

Package: $286 million

Tenure: 1991-2006

Global rank: 3

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UnitedHeath Group Package William McGuire

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

Ed Whitacre

Company: AT&T Inc

Package: $230 million

Tenure: 1990-2007

Global rank: 4

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AT&T Inc

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

Robert Nardelli

Company: Home Depot Inc

Package: $223 million

Tenure: 2000-2007

Global rank: 5

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Home Depot Inc Robert Nardelli

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

John Kanas

Company: North Fork Bank, now with BankUnited Inc

Package: $214 million

Tenure: 1977-2006

Global rank: 6

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North Fork Bank John Kanas BankUnited Inc

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

Fred Hassan

Company: Merck & Co, actually Schering-Plough

Package: $189 million

Tenure: 2003-2009

Global rank: 7

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Merck & Co

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

Louis Gerstner

Company: International Business Machines

Package: $189 million

Tenure: 1993-2002

Global rank: 8

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International Business Machines Package

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

Hank McKinnell

Company: Pfizer

Package: $188 million

Tenure: 2001-2006

Global rank: 9

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Hank McKinnell

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

Thomas Ryan

Company: CVS Caremark Corporation

Package: $185 million

Tenure: 1998-2011

Global rank: 10

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CVS Caremark Corporation Package

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

James Kilts

Company: Gillette

Package: $164 million

Tenure: 2001-2005

Global rank: 11

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Gillette Package

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

Robert Ulrich

Company: Target Corporation

Package: $164 million

Tenure: 1994-2008

Global rank: 12

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

Stan O'Neal

Company: Merrill Lynch

Package: $161 million

Tenure: 2002-2007

Global rank: 13

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Merrill Lynch Package

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

Jerry Grundhofer

Company: US Bancorp

Package: $159 million

Tenure: 2001-2006

Global rank: 14

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US Bancorp Package Jerry Grundhofer

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

Joel Gemunder

Company: Omnicare

Package: $146 million

Tenure: 2001-2010

Global rank: 15

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Joel Gemunder

Multi-million retirement packages of CEOs

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