Monday, June 13, 2005
The Rich Get Richer
I was reading today about a company (Co. A) that is being looked by another company (Co. B) as a purchase. The big wigs in Co. B felt the need to set themselves up with a pretty substantial "golden parachute." If Co. A decides to buy Co. B, the execs in Co. B will get severance packages of 18, 12 or 6 months pay along with a bunch of reimbursed vacation, sick time, accrued pay, up to 55% salary bonuses and other goodies. The peons of Co. B weren't mentioned. I'm gathering they'll get a pat on the ass when Co. A tosses them out the door.
