Rewarding Failure – or Big Bucks for a Job Poorly Done

You know things aren’t right in this country when CEOs making mega bucks get rewarded for their failures.

It doesn’t seem to matter if they are fired or just quit. The Golden Parachute is there for them. The following CEOs are going  on the “As It Stands Scum-Of-The-Year” list:

CEOs are dropping like flies this year. Just this month, the CEOs of GM, Sara Lee and Hewlett-Packard announced their resignations, though each did so for different reasons.
In the case of HP, Mark Hurd was forced to resign after allegedly having an affair with a contractor and subsequently fabricating expense reports to cover up money that had gone to the woman. However, despite these allegations, Hurd, like most CEOs at major U.S. companies, will likely end up with a very generous severance package from the company. Early estimates say he may receive anywhere between $12 million and $40 million.
It’s no surprise Americans get frustrated when hearing about CEOs earning more money in an hour than most Americans earn in a year. It’s one thing when a CEO gets paid millions of dollars for a job well done, but the executives on this list made off with incredibly generous severance and retirement packages, even as they failed their companies.