CEOS’ GOLDEN PARACHUTE EXIT PACKAGES PASS $100 MILLION

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The golden parachute is evolving into the platinum kiss.

Scores of CEOs depart the corner office with huge exit packages. But recent deals — making retiring executives newly minted $100 million (and up) men — are raising eyebrows even among those accustomed to oversized payouts.

The latest execs who will cash in as they step aside: Nabors Industries’ former CEO, Gene Isenberg, due $126 million when he exits as chairman, and IBM CEO Sam Palmisano, due $170 million. They follow Google’s Eric Schmidt, who received $100 million in stock after leaving as CEO.

Worth it or not, the trio underscore the pay inequity that has made Corporate America’s elite ripe targets of populist movements such as Occupy Wall Street. Moreover, their paydays draw fresh wrath from corporate governance experts.

Continued

SOURCE: http://www.usatoday.com

 

 

11/07/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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THIS WOULD BE NO SURPRISE. FINANCIAL COMPANIES HAVE BEEN PLAYING WITH THE BOOKS FOR YEARS

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For the past two years, MF Global Holdings Ltd. may have disguised its debt levels to investors by temporarily slashing the debt it was carrying before publicly reporting its finances each quarter, according to an analysis by The Wall Street Journal.

The activity, referred to in the financial industry as “window dressing,” suggests that the troubled financial firm was shouldering more risk and using more borrowed funds to facilitate its trading than investors could easily detect from the firm’s regulatory filings.

Contuined

SOURCE: MF Global Masked Debt Risks – WSJ.com

11/04/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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11/03/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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11/02/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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