Poll: Executive Severance Packages Are Out Of Hand

Jan. 13, 2005
By John S. McClenahen A severance package that pays $55 million? Or $33 million? Even $5.5 million? In the current climate of corporate distrust, a survey showing that 69% of respondents believe that executive severance packages are out of hand ...
ByJohn S. McClenahen A severance package that pays $55 million? Or $33 million? Even $5.5 million? In the current climate of corporate distrust, a survey showing that 69% of respondents believe that executive severance packages are out of hand really should come as no surprise. Significantly, however, the respondents to this Christian & Timbers survey are themselves executives in major U.S. firms. Emphasizes a critical Jeffrey Christian, chairman and CEO of the executive search firm, "The message we are sending to underperforming CEOs is ludicrous. Anyone who hasn't returned value to shareholders should be only minimally compensated -- at or below current salary, for the time it takes to find to new job, not to exceed one year."

Popular Sponsored Recommendations

Moving Sustainability Forward in Manufacturing

Aug. 9, 2023
This paper presents results of a survey of industrial end users. Respondents provided feedback on a range of topics including their company’s sustainability priorities, current...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

See how 3M Enabled B2B Buyers with Trustworthy Self-Service Buying Experiences

Sept. 11, 2023
This one-pager explores the importance of enabling B2B buyers with self-service purchasing experiences that engender trust and provides insights into the steps businesses can ...

See how 3M Enabled B2B Buyers with Trustworthy Self-Service Buying Experiences

Sept. 11, 2023
This one-pager explores the importance of enabling B2B buyers with self-service purchasing experiences that engender trust and provides insights into the steps businesses can ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!