Forum Post: Everyone with a share of stock or a dollar in a mutual fund should be mad about executive pay.
Posted 3 years ago on April 21, 2012, 2:15 p.m. EST by factsrfun
from Phoenix, AZ
This content is user submitted and not an official statement
Chairman of Merck, $17.9 million, lays/plans to layoff 34 thousand
Chairman of Bank of America, $10 million, lays off 30 thousand
Citigroup’s stock fell 44%, CEO Vikram Pandit got A $5.45 million bonus bring him to $22.15 million
JPMorgan Chase only fell 22% so CEO Jamie Dimon only got $17 million
The year AIG collapsed CEO Hank Greenberg got $250 million, now that’s succeeding!
The median compensation for the 21 largest bankruptcies recently was $8.7 milllion, all of $400,000 less than median of those that didn’t go bankrupt, so I guess there is a plenty.
Where do I sign up to be “punished” like that?