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Thursday, March 28, 2024

Golden Parachutes

Here’s another colorful, informational graphic representation of our financial world – the Goldren Parachutes, by Jess Bachman.

Golden Parachutes:  How the Bankers Went Down

Courtesy of Jess Bachman at WallStats 

When high-ranking executives are fired from a company, for whatever reason, they don’t go to the back of the unemployment line. Instead, they typically receive compensation in the form of the “golden parachute.” Golden parachutes can include severance pay, cash bonuses, stock options or other benefits. In the case of the financial crisis and the ensuing bank failures, if it seems like these executives are being rewarded for poor performance, you may be right. Here’s a look at what some bankers made on their way down.

 

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