https://www.huffingtonpost.com/entry/pensions-for-ceos-only_b_9654276
3 replies (most recent on top)
yes @uyo - also we believe our kids stand a fair chance of achieving the same, hence we are reluctant to b--ch about any misalignment in comp or benefits
Here in the US we do not have royalty but we celebrate our CEOs... Anything flies if you are at that level - we connect their success with merit, and I am not sure if that's always the case
The McKesson Corporation provides a perfect example of this. McKesson froze its employee pension in 1996, and barred workers who were hired after that from participating. By contrast, several years later, McKesson established an executive retirement account for CEO John Hammergren. It put $114 million in there for him, which when added to Hammergren’s other McKesson pension benefits, gives him a total of $145,513,853.