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You can't take it with you when you die? Don't tell these greedy corksuckers

Discussion in 'Sports and News' started by slappy4428, Jun 10, 2008.

  1. slappy4428

    slappy4428 Active Member


    If you think "golden parachutes" for CEOs are scandalous, then brace yourself for the latest outrage: "golden coffins."

    Yes, that's right. It's not enough that American CEOs get paid gigantic sums, many are also due to collect huge severance packages after they die, The Wall Street Journal reports.

    Among the more outrageous posthumous packages:

    * $298.1 million for Comcast CEO Brian Roberts
    * $288 million for Nabors CEO Eugene Isenberg
    * $115.6 million for Occidental CEO Ray Irani
    * $17 million for Shaw Group CEO J.M. Bernhard to not compete with the firm after he dies
  2. bigpern23

    bigpern23 Well-Known Member

    Maybe it's just me, but those sound more like motives than contract incentives.
  3. PeteyPirate

    PeteyPirate Guest

    They still can't take it with them.
  4. KYSportsWriter

    KYSportsWriter Well-Known Member

    Maybe I'm missing something here, but if he's dead how in the hell can he compete with the firm?
  5. Ace

    Ace Well-Known Member

    If you look at how so many of our businesses are going down the tubes, I think spending hundreds of millions of dollars on dead CEOs is a good, practical investment.
  6. Michael_ Gee

    Michael_ Gee Well-Known Member

    If Bernhard CAN compete from the beyond, I think he should break the contract. In what jurisdiction is Shaw gonna sue him?
  7. zeke12

    zeke12 Guest

  8. JR

    JR Well-Known Member

    It's some kinda baseball player
  9. zeke12

    zeke12 Guest

    Probably can't go to his backhand or hit behind the runner, though.
  10. joe

    joe Active Member

    Sammy Sosa.
  11. Overrated

    Overrated Guest

    He had lips like a wine bottle.
  12. Armchair_QB

    Armchair_QB Well-Known Member

    Wonder if it means his heirs can't compete?
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