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Especially given how he was ousted because Icahn thought he was being given too large of a bonus, and then end up paying him nearly 5x that amount in severance.
by ColinCochrane 12y ago
Especially given how he was ousted because Icahn thought he was being given too large of a bonus, and then end up paying him nearly 5x that amount in severance.
For Carl Icahn, who had used the CEO’s compensation as a cause célèbre in his proxy battle, this was a chance to take a stand. He instructed the board not to pay the bonus and informed Antioco that he could take $2 million or nothing. When the dust cleared from the ensuing fur fight, Icahn was holding Antioco’s resignation and a contract requiring him to pay $24 million in severance.
- twic 12y agoNo, no, no, listen, all of these people knew exactly what they were doing, and made great decisions. They must have done - why would they be CEOs and investors paid telephone number salaries otherwise? You'd have to live in a pretty crazy world for that to be the case!
- hnal943 12y agoThey are paid what they are because most people can't do it and the work is valuable. Not surprising that there are some people that get in there that don't work out.