According to the Wall Street Journal, here's what some CEOs would earn if they "died in office:"
- Brian Roberts, Comcast - $291 million
- Eugene Issenberg, Nabors Industries - $288 million
- Ray Irani, Occidental Petroleum - $116 million
Death is traumatic and companies should provide affordable personal life insurance but should they pay over and beyond that, and to the tune of hundreds of millions of dollars? If you're a shareholder in one of these companies, you might be asking yourself that question.
Comments
Rich Katz
June 11, 2008
I saw this in the news today. This is truly ridiculous. The folks running the largest companies seem to live by different rules from the rest of us - padding the board with their buddies. It probably will never change.
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Comcast-baggholder
June 11, 2008
Comcast would be much better off if Roberts were to die, even if it were to cost them $291 mil. His stewardship has been awful.
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Sam Cass
June 11, 2008
Not all companies are like this. When the former CEO of McDonald's passed away his family got a package of something like $1.5 million. That seems more reasonable.
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MarketMan
June 12, 2008
Not sure why personal insurance isn't enough. It's just another CEO benefit that is out of control.
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I Am Donald Trump
June 12, 2008
Being a CEO is a tough job that can take many years off your life. How much can life be valued. Would you take the CEO job if you knew that you would lose 10 years of life? Some death benefits are outrageous but others are reasonable and are needed to attract the top talent. Shareholders benefit from the top talent.
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