Lose over 8 billion for your company and here is what you get:

[EV_Ares]

Mr. O'Neal, as expected, announced his retirement yesterday and will walk away with $161.5 million in restricted stock, options and retirement benefits; he will also get a Merrill-paid office and assistant for three years.

From The Wall Street journal today.

[hobbit709]

1. Who says crime doesn't pay?

It all depends on the crime.

[Craftsman]

5. For that kind of money I will drive any compnay you want into bankruptcy

Heck I would do it for half that.

[NewJeffCT]

2. Aww, poor guy will have to sleep in the streets now

we'll likely see him fighting with some other fired CEOs over a nice cardboard box somewhere in the wilds of Appalachia.

:sarcasm:

[Elidor]

3. Hell, I could lose more money than that guy

And I could do it better and faster. And I'd only need 10 mil to tide me over.

[Lasher]

4. There aught to be a law against this.

Going right to the root of the corruption, the independence of the Board Of Directors needs to be guranteed. As it is, corporate America's BODs are one big collective club of CEOs who empathize only with each other.

[OhioChick]

6. Damn...

I'm in the wrong field....

[Summer93]

7. Watching.....

I watched this happen at DEC when the BOD brought in a new CEO who began to disassemble the corp. which has been out of business for a few years now. It employed 120,000 people and at the time was manufacturing the fastest chip available for computers, Alpha.

The day this person arrived at his new office a red Porsce was delivered to his office on a flatbed truck.

Workers do not get perks they get the name of their job changhed to reflect the higher prestege.