The poor life of the 1% ...

Living Large: October’s Executive Compensation Highlights | Daily Ticker - Yahoo! Finance: "Big send-offs at IBM and Gannett, a sweetheart jet deal at Clear Channel, and a penalty for talking at Icahn Enterprises headline October's top executive compensation goodies. As she does every month, Footnoted.com editor Michelle Leder stopped by to discuss some of the choice nuggets buried in Securities and Exchange Commission filings. In the accompanying video, we delve into the specifics.
Into the Big Blue Yonder. After a successful nine-year run at the helm of the company, IBM CEO Samuel Palmisano stepped down. But the 60-year-old executive left with some great parting gifts. IBM has known as Big Blue, but given the generosity of Palmisano's package, perhaps it should be called Big Green. The total deal, Footnoted.com reports, is worth more than $170 million, including: a $65.7 million cash payout for stock options and restricted stock units; $1.5 million for life from a retention plan; $4.9 million per year in cash for five years; and a big fat pension that was worth $29.8 million as of the end of last year."

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