Grossly United in Gobbling up SIckening amount of money, for delivering poor performance and leaving

United Technologies’ CEO Leaves With $172 Million Pay Package - Bloomberg: "Louis Chenevert, who retired as chief executive officer of United Technologies Corp. (UTX) in a surprise move three days ago, will leave with a nest egg of about $172 million.

That sum includes $109 million of vesting option awards and $32 million of vesting performance-based restricted-stock awards, based on the Nov. 25 closing price, and a pension worth $31 million as of Dec. 31, according to data from the company’s proxy filing released earlier this year.

The reasons behind Chenevert’s abrupt departure remain unknown and it came as a surprise to the investment community, which had been anticipating his appearance at an investor meeting on Dec. 11. A company spokesman said Chenevert’s leaving wasn’t related to financial performance. His corporate bio was already expunged from United Technologies’ website on Nov. 24, just hours after the company announced the management change, and the list of board members also disappeared."



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