How business leader “golden parachutes” hurt shareholders

GMI recounts the companys 2006 yearly gathering, whilst a flat surface flew terminated the event towing a banner with the intention of thought, let somebody have it back, Hank!Highest-paid CEOs: Top earner takes habitat $145 millionHow soaring executive remuneration drags companies downSocial tensions growing in vogue U.S. amid rich, poorMcKinnell didnt assign it back, but he did next to slightest shuffle along. Viacom VIA boss Philippe Dauman, president of the entertainment company since 2006, ultimate day was certain a payout comparable to an exit package, with special preservation evenhandedness awards worth extra than $54 million on top of his yearly evenhandedness grants of $6 million and stayed by the side of the wheel. Indeed, Viacoms board extended his stretch until 2016. set a different way, his parachute comes equipped with rocket boots.

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