Home depot CEO, under fire for high pay and lackluster stock price. steps down and gets a $210 million good bye.
YIKES!!!!!
Home depot CEO, under fire for high pay and lackluster stock price. steps down and gets a $210 million good bye.
YIKES!!!!!
Firing him may mean severance and he still has stock options. Maybe this gets rid of him cheaper...orrrrr its because they want to keep potential future CEOs interested in the company. If the CEO gets canned with no benefits, it will discourage future CEos from wanting to take the job, and leaving Home Depot with shitty (relatively) CEO pool to choose from. People get paid a lot to keep the best and brightest interested in the position- and termination compensation is included in that. Not really fair but that the way business is.
Decisions Decisions
Your picture doesn't work.
He also got $20 MM in cash.
Ski edits | http://vimeo.com/user389737/videos
I think the problem is that most people who work at HD are probably struggling to get by while this guy underperforms and makes out like a tyrant in a third world country. If he earned it fine but it sounds like he didn't.
the dude at Pfizer pharma did even better 2000-05 halved the stock price and got something like 400million?
Hell, I left my last job and they didn't even give me a going away party. Plus, they screwed up my last paycheck and I owe THEM $120. Fuck!
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