By Sahid Fawaz
CEOs nowadays have it rough. When they’re not busy getting paid almost 400 times as much employees, they are occupied with grabbing obscene golden parachute packages.
According to the CBC News site:
Reports have surfaced “that the former CEO of Target got a total severance and other benefits package worth about the same as the total amount being offered to all 17,600 of the chain’s Canadian employees who will soon be out of work as the company winds down its presence in Canada.”
Estimates of his going away package are $61 million, while the combined severance packages for Canadian employees is $56 million.
Runaway corporate greed at its finest.
For more on this, check out the Huffington Post article here.
Get the latest Product Spotlights, labor blogs and more with the Labor 411 enewsletter