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In today's business management, you can't even fail at failing.
Not Exactly Tough Noogies with those Exit Packages...Laughing all the way to Easy Street...
Really? For what these guys drove the company down to the bottom!
Deferred compensation is money already earned that belongs to the employee. It is paid in a lump sum or over several years upon termination. There is no reason to include it in quantifying a severance package.
Nothing like failure, that gets you a large parting gift. Reminds me of the Home Depot debacle a couple of years ago.
"Reminds me of the Home Depot debacle a couple of years ago." - close, I see your point, but not really. Nash Finch was in a much tougher situation and the current crew held it together fairly well...and if you've seen my other posts you know I normally don't say this sort of thing about this sort of deal. The Home Depot CEO also distinguished himself by his spectacular disregard for shareholders.
The bottom line is that the high paid executives always get taken care of very well financially while the regular employees usually get the shaft when a company fails to perform.
It's looking more and more like jobs will be transferring to Michigan.
Good for them. Now that they've got their golden parachutes, they can spend their time lobbying Republicans to get them to eliminate money to feed hungry people so that money saved from feeding the hungry and go towards more tax cuts for the rich.
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