Yuck! Yuck! Yuck!

Michael Hoover hoov at freenet.tlh.fl.us
Fri Apr 23 12:33:13 PDT 1999


forwarded by Michael Hoover


> New York Post®, Copyright 1999 NYP Holdings, Inc. All rights reserved.
>
> ....... Ousted Compaq chief Eckhard Pfeiffer is walking away with a $278
> million severance package.
>
> But he would have gotten much more - up to $418 million - if he hadn't
> bungled in recent months at the helm of the world's largest personal
> computer manufacturer.
>
> Only four months ago, Pfeiffer sat atop corporate America's biggest
> options stockpile - valued at more than $410.4 million.
>
> But the stock's plummeting value over that short time - triggered by
> his mistakes - has slashed his severance package by about a third.
>
> "This is a perfect example that shoots down complaints that CEOs are
> overpaid and don't take any risks," said David Leach, a compensation
> expert at Compensation Research Group ..........



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