Photographs: David Becker/Reuters
There are some chief executive officers who not only earn multi-million dollar pay every year, but also walk out with massive retirement packages.
24/7 Wall St has reviewed the largest golden parachute packages going back to the year 2000. To keep this uniform, it only used examples in which these CEOs with golden parachutes were not founders of their companies.
Let's take a look at some huge retirement packages of CEOs.
Source: 24/7 Wall St
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Multi-million retirement packages of CEOs
Image: Former CEO of General Electric Jack Welch walks down the steps of Park Street Church with Suzy Wetlaufer after their wedding in Boston, Massachusetts.Photographs: Michael Dwyer/Reuters
Jack Welch
Company: General Electric
Package: $417 million
Tenure: 1981-2001
Global rank: 1
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Multi-million retirement packages of CEOs
Image: Former Exxon Mobil Corporation chairman and CEO Lee Raymond in Washington, DC.Photographs: Yuri Gripas/Reuters
Lee Raymond
Company: Exxon Mobil Corporation
Package: $320 million
Tenure: 1993-2005
Global rank: 2
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Multi-million retirement packages of CEOs
Image: William McGuire, inset, received $286 million.Photographs: Source: unitedhealthgroup.com
William McGuire
Company: UnitedHeath Group
Package: $286 million
Tenure: 1991-2006
Global rank: 3
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Multi-million retirement packages of CEOs
Image: Former Chairman and CEO of AT&T Edward E Whitacre in Detroit, Michigan.Photographs: Rebecca Cook/Reuters
Ed Whitacre
Company: AT&T Inc
Package: $230 million
Tenure: 1990-2007
Global rank: 4
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Multi-million retirement packages of CEOs
Image: Former Robert L Nardelli, Chairman and CEO, Home Depot, in Atlanta, Georgia.Photographs: Tami Chappell/Reuters
Robert Nardelli
Company: Home Depot Inc
Package: $223 million
Tenure: 2000-2007
Global rank: 5
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Multi-million retirement packages of CEOs
Image: John Kanas received $214 million.Photographs: Source: crainsnewyork.com
John Kanas
Company: North Fork Bank, now with BankUnited Inc
Package: $214 million
Tenure: 1977-2006
Global rank: 6
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Multi-million retirement packages of CEOs
Image: Fred Hassan, former CEO of Schering-Plough Corporation, in New York.Photographs: Brendan McDermid/Reuters
Fred Hassan
Company: Merck & Co, actually Schering-Plough
Package: $189 million
Tenure: 2003-2009
Global rank: 7
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Multi-million retirement packages of CEOs
Image: Louis Gerstner, former CEO and Chairman, IBM, at Boston College in Newton.Photographs: Reuters
Louis Gerstner
Company: International Business Machines
Package: $189 million
Tenure: 1993-2002
Global rank: 8
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Multi-million retirement packages of CEOs
Image: Former Chairman and Ceo Hank McKinnell, Pfizer, in Livonia, Michigan.Photographs: Rebecca Cook/Reuters
Hank McKinnell
Company: Pfizer
Package: $188 million
Tenure: 2001-2006
Global rank: 9
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Multi-million retirement packages of CEOs
Image: Thomas Ryan, former Chairman of the Board and CEO, CVS/Caremark, in New York.Photographs: Mike Segar/Reuters
Thomas Ryan
Company: CVS Caremark Corporation
Package: $185 million
Tenure: 1998-2011
Global rank: 10
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Multi-million retirement packages of CEOs
Image: Gillette's former Chairman and CEO James Kilts in Wilmington, Delaware.Photographs: Tim Shaffer/Reuters
James Kilts
Company: Gillette
Package: $164 million
Tenure: 2001-2005
Global rank: 11
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Multi-million retirement packages of CEOs
Image: Shoppers pack a Target store in Chicago. Robert Ulrich, inset.Photographs: John Gress/Reuters
Robert Ulrich
Company: Target Corporation
Package: $164 million
Tenure: 1994-2008
Global rank: 12
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Multi-million retirement packages of CEOs
Image: Merrill Lynch's former president and CEO Stan O'Neal in New York.Photographs: Chip East/Reuters
Stan O'Neal
Company: Merrill Lynch
Package: $161 million
Tenure: 2002-2007
Global rank: 13
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Multi-million retirement packages of CEOs
Image: Jerry Grundhofer, inset.Photographs: Soure: usbank.com
Jerry Grundhofer
Company: US Bancorp
Package: $159 million
Tenure: 2001-2006
Global rank: 14
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Multi-million retirement packages of CEOs
Image: Joel Gemunder, inset.Photographs: Source: Wikipedia
Joel Gemunder
Company: Omnicare
Package: $146 million
Tenure: 2001-2010
Global rank: 15
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