‘Golden Parachutes’ Are Back

1 Percent

Updated Apr. 24, 2017 1:05PM EDT / Published Nov. 01, 2011 6:27AM EDT

Akira Sakamoto / Getty Images

If only everyone could profit so much from losing their jobs. According to The Wall Street Journal, at least four CEOs are currently in line for payouts of more than $50 million—including $100 million to former Nabor Industries CEO Eugene Isenberg. Motorola Mobility’s chief, Sanjay Jha, could make $65.7 million as part of Google’s takeover of the company. And an additional four CEOs could make more than $30 million from deals that have already been completed or are pending. These big packages are all related to corporate mergers, although many CEOs who have been laid off had a good year, as well: HP’s Leo Apotheker received $13 million, while Yahoo’s Carol Bartz got $10 million.

Read it at The Wall Street Journal

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‘Golden Parachutes’ Are Back

Akira Sakamoto / Getty Images