As I write this the media and other market observers are obsessing over Hank McKinnell's severance package from Pfizer. Yes, it's a large amount but does anyone really think he's going to say no to it. To villify Mckinnell, Dick Grasso and others for collecting or trying to collect large payouts from firms is insanity. If it was in their contracts then so be it - good for them for getting or trying to get what's theirs.
What CNBC and others should do is publish the names of and try to interview the people on the boards of these companies and point blank ask them what they were thinking. These people are responsible for the "excess". Don't blame someone for trying to get a large comp package. At the end of the day the board is responsible. No one really talks about this. It's easier to demonize the highly visible CEO. Leave the bastards alone!
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