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Business
See other Business Articles

Title: Outsize Severance Continues for Executives, Even After Failed Tenures
Source: New York Times
URL Source: http://www.nytimes.com/2011/09/30/b ... er-failed-tenures.html?_r=1&hp
Published: Sep 29, 2011
Author: ERIC DASH
Post Date: 2011-10-01 12:11:26 by lucysmom
Keywords: None
Views: 22642
Comments: 56

The golden goodbye has not gone away.

Just last week, Léo Apotheker was shown the door after a tumultuous 11-month run atop Hewlett-Packard. His reward? $13.2 million in cash and stock severance, in addition to a sign-on package worth about $10 million, according to a corporate filing on Thursday.

At the end of August, Robert P. Kelly was handed severance worth $17.2 million in cash and stock when he was ousted as chief executive of Bank of New York Mellon after clashing with board members and senior managers. A few days later, Carol A. Bartz took home nearly $10 million from Yahoo after being fired from the troubled search giant.

A hallmark of the gilded era of just a few short years ago, the eye-popping severance package continues to thrive in spite of the measures put in place in the wake of the financial crisis to crack down on excessive pay.

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#11. To: lucysmom (#10)

I understand all that.

I am 100% pro-union as you know...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-02   11:50:11 ET  Reply   Trace   Private Reply  


#12. To: Badeye, lucysmom, Skip Intro (#9)
(Edited)

btw, we've never lost money here in my company

“We were a multi-million-dollar-a-year business just 36 months ago,” said [Boofer]. Now, [TitsUp Inc.] employs only five people and is now only a few months from bankruptcy, largely due to the fact that the company is handling only 150 criminal history searches — or five percent of normal — on a daily basis.

“We made money under Clinton,” he said. “We made money under Bush. We are being KILLED under Obama!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Alert the B schools, LM, "being killed" and "months away from bankruptcy" area new terms for "PROFITS"...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-02   11:54:55 ET  Reply   Trace   Private Reply  


#13. To: war, Badeye (#12)

“We made money under Clinton,” he said. “We made money under Bush. We are being KILLED under Obama!

Ahh, but you see, the failure is Obama's, not Badeye's.

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-02   12:25:33 ET  Reply   Trace   Private Reply  


#14. To: lucysmom (#13) (Edited)

How is "months away from bankruptcy" translated into "never lost money"?

We've been there back with one of our first enterprises...we weren't getting paid and bills were getting put off...then Clinton got his budget plan passed...

My guess tho...is Boofer is just a liar...

Dog bites man...sun sets in west...film at 11...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-02   12:29:48 ET  Reply   Trace   Private Reply  


#15. To: war (#14)

Why do you keep bringing Badeye into the conversation when this isn't about him? Why are you so obsessed with him?

A K A Stone  posted on  2011-10-02   12:32:42 ET  Reply   Trace   Private Reply  


#16. To: A K A Stone (#15) (Edited)

Read the thread, doof.

Have you ever noticed that you are never correct about anything that you accuse me of doing?

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-02   12:34:48 ET  Reply   Trace   Private Reply  


#17. To: war (#16)

This article is about Hewelitt Packard.

I'm not trying to "penalize" you or anything. I was just curious.

A K A Stone  posted on  2011-10-02   12:37:26 ET  Reply   Trace   Private Reply  


#18. To: A K A Stone (#17) (Edited)

I'm curious as to why you felt the need to post something that was nowhere near reality.

A) I didn't bring Boofer into this thread and if you'd have actually read the thread then you'd know this.

B) I didn't comment about Boofer until after he commented about himself.

C) Why do I have to explain to you how your own website works?

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-02   12:39:35 ET  Reply   Trace   Private Reply  


#19. To: war (#18)

Ok my bad. I thought you were pulling comments from that one site again. Carry on. Sorry.

A K A Stone  posted on  2011-10-02   12:42:53 ET  Reply   Trace   Private Reply  


#20. To: A K A Stone (#19)

No worries.

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-02   12:45:52 ET  Reply   Trace   Private Reply  


#21. To: A K A Stone (#15)

Thats like asking rain man why he's focused on underwear....(chuckle)

Proxy IP's are amusing.....lmao

Badeye  posted on  2011-10-02   14:15:14 ET  Reply   Trace   Private Reply  


#22. To: lucysmom (#13)

Ahh, but you see, the failure is Obama's, not Badeye's.

Ummm, goofy?

What 'failure'? News flash, sunshine. My company is turning a profit. Its not anywhere near what it was under Clinton, let alone under Bush, but we are turning a profit.

So...tell me, what failure are you speaking of?

Proxy IP's are amusing.....lmao

Badeye  posted on  2011-10-02   14:17:19 ET  Reply   Trace   Private Reply  


#23. To: All (#22)

Well, goofy? What 'failure' are you talking about? I'm waiting....

Proxy IP's are amusing.....lmao

Badeye  posted on  2011-10-02   14:23:25 ET  Reply   Trace   Private Reply  


#24. To: Badeye (#23)

Well, goofy? What 'failure' are you talking about? I'm waiting....

Translated: The Bengals are getting their asses kicked...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-02   14:57:07 ET  Reply   Trace   Private Reply  


#25. To: Badeye (#21)

#19. To: war (#18)

Ok my bad. I thought you were pulling comments from that one site again. Carry on. Sorry.

A K A Stone posted on 2011-10-02 12:42:53 ET Reply Trace Private Reply

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-02   14:58:34 ET  Reply   Trace   Private Reply  


#26. To: Badeye (#22)

So...tell me, what failure are you speaking of?

If it ain't growing, it's contracting and is thus a failure.

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-02   16:31:41 ET  Reply   Trace   Private Reply  


#27. To: lucysmom (#26)

So...tell me, what failure are you speaking of? If it ain't growing, it's contracting and is thus a failure.

Whats Owe-bama have to do with this?

lmao.

Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'?

God, I couldnt' SCRIPT something that would display liberal insanity more than what you posted.

THANK YOU GOOFY.

Proxy IP's are amusing.....lmao

Badeye  posted on  2011-10-03   8:36:33 ET  Reply   Trace   Private Reply  


#28. To: Badeye, lucysmom, Skip Intro, Fred Mertz (#27)

Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'?

Potential Boofer ***MELTDOWN*** Ping...

He was "months away from bankruptcy" but making a PROFIT.

I hear Harvard *B* School is offering him tenure...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-03   9:19:44 ET  Reply   Trace   Private Reply  


#29. To: war (#28)

BE: Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'?

war: He was "months away from bankruptcy" but making a PROFIT.

It must be that I am a liberal cause I don't understand how one can go bankrupt while making a profit...hmmm - unless - his business is doing fine but his personal finances are a mess.

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-03   9:26:39 ET  Reply   Trace   Private Reply  


#30. To: Badeye (#27)

Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'?

Is this you, Badeye?

We were a multi-million-dollar-a-year business just 36 months ago ...now only a few months from bankruptcy...

Were you telling the truth now, or then?

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-03   10:12:04 ET  Reply   Trace   Private Reply  


#31. To: lucysmom (#30)

We were a multi-million-dollar-a-year business just 36 months ago ...now only a few months from bankruptcy...

Were you telling the truth now, or then?

I'm telling the truth in both instances goofy.

You honestly believe businessmen just 'stand pat'? Confronted by decreasing revenues, we adjusted accordingly, like EVERY COMPANY. We cut expenditures across the board, didn't replace a staffer that gave birth to her 2nd child and became a 'stay at home mom'. Would have preferred it to be otherwise, but in the failing Owe-bama economy, you do what you have to do.

Are you really this stupid, or is this just an act?

Honestly, I'm still laughing at your assertion making a profit is somehow a 'failure'.

Sheesh.

Proxy IP's are amusing.....lmao

Badeye  posted on  2011-10-03   10:17:16 ET  Reply   Trace   Private Reply  


#32. To: Badeye (#31)

I'm telling the truth in both instances goofy.

Chuckles...a company "months away from bankruptcy" is NOT making money, asswipe. And anyone with a minimal sense of business understands that "revenue" does not equal "making money".

This is why NO-ONE - except the Juniors and Peggys - will EVER take you seriously Boofer.

replace a staffer that [sic] gave birth...

In the TitsUp article, you claimed to have reduced your staff from 9 to 5. My question is: Did she have triplets?

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-03   10:28:53 ET  Reply   Trace   Private Reply  


#33. To: Badeye (#31)

Would have preferred it to be otherwise, but in the failing Owe-bama economy, you do what you have to do.

#27. To: lucysmom (#26)

So...tell me, what failure are you speaking of? If it ain't growing, it's contracting and is thus a failure.

Whats Owe-bama have to do with this?

lmao.

Seriously, you just displayed perfectly why a liberal cannot make rational decisions related to economic policy. I'm MAKING A PROFIT you idiot, and you claim thats 'failure'?

God, I couldnt' SCRIPT something that would display liberal insanity more than what you posted.

THANK YOU GOOFY.

Proxy IP's are amusing.....lmao

Badeye posted on 2011-10-03 8:36:33 ET Reply Trace Private Reply

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-03   10:29:47 ET  Reply   Trace   Private Reply  


#34. To: lucysmom (#32)

PING to above...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-03   10:30:16 ET  Reply   Trace   Private Reply  


#35. To: lucysmom (#33)

And?

You reinforce you're and idiot AGAIN, and you think thats a rebuttal?

Once again, its why I call you 'goofy'. And to be honest, thats being polite about it.

Proxy IP's are amusing.....lmao

Badeye  posted on  2011-10-03   10:31:54 ET  Reply   Trace   Private Reply  


#36. To: Badeye, war (#35)

You reinforce you're and idiot AGAIN, and you think thats a rebuttal?

Just noting the ever shifting sands of truth in Booferville.

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-03   10:41:23 ET  Reply   Trace   Private Reply  


#37. To: lucysmom, Badeye (#36)

If it ain't growing, it's contracting and is thus a failure.

In the "Boofer Rules For Business" the term "decreasing" does not mean contracting but expanding.

Gee...and I was just getting this stuff down, which I guess, means up now...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-03   10:44:56 ET  Reply   Trace   Private Reply  


#38. To: lucysmom (#36)

That left a well defined mark n the land where many dwell...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-03   10:45:28 ET  Reply   Trace   Private Reply  


#39. To: Badeye (#35)

You reinforce you're and [sic] idiot AGAIN, and you think thats [sic] a rebuttal?

Wow...you made him use a contraction and he confused "and" for "an" in one sentence...

I haven't seen Boofer this rattled since his ice maker went on the fritz @ Happy Hour...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-03   10:48:02 ET  Reply   Trace   Private Reply  


#40. To: lucysmom (#39)

PING to above...sorry...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-03   10:48:21 ET  Reply   Trace   Private Reply  


#41. To: war (#37)

In the "Boofer Rules For Business" the term "decreasing" does not mean contracting but expanding.

Some Badeye wisdom on good tax cuts and useless tax cuts.

The same thing goes for job creation, he explained, citing the government's offer of tax credits for companies that hire individuals who've been unemployed for some lengthy period of time.

"Why on earth would I fill a job that's going to cost me $25,000 a year minimum to get a $6,000 tax credit and have a person sitting around with nothing to do because we don't have the business? It doesn't make any sense!

"It they want to help people like me, they need to cut taxes across the board and get the venture capital back in the game," he said. "There's no incentive for small businesses to hire."

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-03   10:56:46 ET  Reply   Trace   Private Reply  


#42. To: lucysmom (#41)

"It they want to help people like me, they need to cut taxes across the board and get the venture capital back in the game," he said. "There's no incentive for small businesses to hire."

This is the type of statement that is 100% pure Boofer Bullshit. it almost sounds as if he "knows" what he is "talking" about. But when you examine the statement and its implications, it makes no fucking sense whatsoever. It's nothing but double-talk.

VC's invest in viable business models. "Across the board tax cuts" have little to nothing to do with their investment decisions. I say little because investment income is taxed at a lower rate than "sweat of brow" income and most VC's are structured offshore or as "business trusts" so tax liability is really not much of a concern to them. And capital formation isn't taxed at all.

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-03   11:05:14 ET  Reply   Trace   Private Reply  


#43. To: lucysmom (#41)

That you can't dispute that 'wisdom' isn't surprising goofy.

Game, set and match.

Proxy IP's are amusing.....lmao

Badeye  posted on  2011-10-03   11:14:31 ET  Reply   Trace   Private Reply  


#44. To: Badeye, lucysmom (#43)

Uh-oh...you've been GAMESETMATCHED...

Next up will be cut and paste ad infinitum...

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-03   11:19:11 ET  Reply   Trace   Private Reply  


#45. To: war (#42)

VC's invest in viable business models. "Across the board tax cuts" have little to nothing to do with their investment decisions.

High taxes, low taxes, people with money are always looking for stuff to invest in to make more money.

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-03   11:38:33 ET  Reply   Trace   Private Reply  


#46. To: lucysmom (#45)

High taxes, low taxes, people with money are always looking for stuff to invest in to make more money.

The tax code is very favorable to private capital formation. VERY favorable.

America...My Kind Of Place...

"I truly am not that concerned about [bin Laden]..."
--GW Bush

"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"

I lurk to see if someone other than Myst or Pookie posts anything...

war  posted on  2011-10-03   11:39:33 ET  Reply   Trace   Private Reply  


#47. To: war, Badeye (#44)

Uh-oh...you've been GAMESETMATCHED...

What, again?

So-called conservatives appear to be big on declaring themselves winners contrary to the evidence.

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-03   11:44:51 ET  Reply   Trace   Private Reply  


#48. To: lucysmom (#45)

High taxes, low taxes, people with money are always looking for stuff to invest in to make more money.

Considering that the top tax rate in the 1950s was 90%, it should have been a horrible decade for jobs, according to the GOP. Curiously, it was just the opposite.

Skip Intro  posted on  2011-10-03   11:44:59 ET  Reply   Trace   Private Reply  


#49. To: war (#46)

The tax code is very favorable to private capital formation. VERY favorable.

Not good enough for the it's-government's-fault excuse for every failure crowd.

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-03   11:47:52 ET  Reply   Trace   Private Reply  


#50. To: Skip Intro (#48)

It is a mystery.

"You post articles- intellectual excrement, really- that support your inane, insipid mentality, on a regular basis. Capitalist Eric

lucysmom  posted on  2011-10-03   11:48:49 ET  Reply   Trace   Private Reply  


#51. To: lucysmom (#50) (Edited)

It is a mystery.

The only explanation is that Eisenhower/Nixon were really commies, a fact proven beyond doubt when Nixon went to Commie China.

I always thought it was suspicious how chummy Eisenhower and Stalin were during WWII.

Skip Intro  posted on  2011-10-03   11:53:14 ET  Reply   Trace   Private Reply  



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