A Student of History

June 24, 2008

Golden coffins

Filed under: Simple Living — John Maass @ 12:50 pm

First we had “golden parachutes,” the excessive retirement packages awarded to retiring or ousted CEO’s usually negotiated prior to their taking up their duties as corporate top dogs.

Now we learn about “golden coffins”:  huge severance packages after they die.  According to reports, “the practice is time-honored but was largely hidden until a recent change to disclosure requirements.”

Obscene.

More details here

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