Comments | the_recession: Golden Parachute of The Day

nebris in the_recession

Golden Parachute of The Day

Mar 30, 2009 15:48

PAYDAY: GM's Rick Wagoner Drives Away with $20M Retirement

Comments 5

paris_of_priam March 30 2009, 23:00:12 UTC

That was my first thought, yesterday. I'll bet he's got a severance clause in his contract, so he gets paid the remainder of his contract money even if you fire him for being a useless douchebag. Only difference is he no longer has to work for it.

When will these people learn how to do this properly? If an executive is useless, but has a severance clause in his contract, you do NOT fire him! You force him to work out the remainder of his contract as a janitor or a mail room lackey, and see how long it takes him to quit.

volksjager March 30 2009, 23:47:20 UTC

Jesus that sucks. I hope he has some relly good friends who care about him and check in on him to make sure he's ok. (or he can rent them)

kayjayuu March 31 2009, 01:40:43 UTC

What? No comment?

Where are the death threats... or am I missing them? ETA: I'm not referring to the OP here.

nebris March 31 2009, 13:29:06 UTC

Well, here's one 'death threat'. ;)

~M~

darksumomo March 31 2009, 13:38:40 UTC

Good riddance!