This article was first published 13 years ago
CEOs who got millions to quit
Last updated on: January 18, 2012 11:24 IST
Image: Some CEOs walk out with hefty pay packet.
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.
...
Image: Jack Welch.
Jack Welch
Severance package: $417,361,902
Years of service: 20 years
Company: General Electric
...
Image: Lee Raymond.
Lee Raymond
Severance package: $320,599,861
Years of service: 12
Company: Exxon
...
Image: Bill McGuire.
Bill McGuire
Severance package: $285,996,009
Years of service: 15
Company: UnitedHealth Group
...
Image: Ed Whitacre.
Ed Whitacre
Severance package: $230,048,463
Years of service: 17
Company: AT&T
...
Image: Bob Nardelli.
Bob Nardelli
Severance package: $223,290,123
Years of service: 6
Company: Home Depot
...
Image: John Kanas.
John Kanas
Severance package: $214,300,000
Years of service: 29
Company: North Fork Bank
...
Image: Fred Hassan.
Fred Hassan
Severance package: $189,352,324
Years of service: 6
Company: Schering-Plough/Merck & Co
...
Image: Lou Gerstner.
Lou Gerstner
Severance package: $189,005,929
Years of service: 9
Company: IBM
...
Image: Hank McKinnell.
Hank McKinnell
Severance package: $188,329,553
Years of service: 5
Company: Pfizer
...
Image: Tom Ryan.
Tom Ryan
Severance package: $185,415,435
Years of service: 13
Company: CVS Caremark
...
Image: Jim Kilts.
Jim Kilts
Severance package: $164,532,192
Years of service: 5
Company: Gillette
...
Image: Bob Ulrich.
Bob Ulrich
Severance package: $164,162,612
Years of service: 14
Company: Target
...
Image: Stan O'Neal.
Stan O'Neal
Severance package: $161,500,000
Years of service: 5
Company: Merrill Lynch
...
Image: Jerry Grundhofer.
Jerry Grundhofer
Severance package: $159,064,090
Years of service: 5
Company: US Bancorp
...
Image: Joel Gemunder.
Joel Gemunder
Severance package: $146,001,476
Years of service: 9
Company: Omnicare Inc
...
Image: Wachovia.
Wallace Malone
Severance package: $125,292,818
Years of service: 23
Company: SouthTrust/Wachovia
...
Image: George David.
George David
Severance package: $122,631,309
Years of service: 14
Company: United Technologies Corporation
...
Image: Meg Whitman.
Meg Whitman
Severance package: $120,427,360
Years of service: 10
Company: eBay
...
Image: WellPoint Health Networks.
Leonard Schaeffer
Severance package: $119,041,000
Years of service: 12
Company: WellPoint Health Networks
...
Image: Bob Simpson.
Bob Simpson
Severance package: $103,485,972
Years of service: 22
Company: XTO Energy Inc
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