another example of corporate greed and insanity.........
The announcement Tuesday that O'Neal is retiring immediately came days after the world's largest brokerage posted a $2.24 billion quarterly loss, its biggest since being founded 93 years ago.
It was not known how much O'Neal would receive as an exit package, though there have been some reports it would be nearly $200 million. He was paid roughly $48 million salary in 2006, and had $160 million in stock and retirement benefits, according to James Reda, founder of compensation consultancy James F. Reda & Associates.
Wednesday, October 31, 2007
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