Executives and Their Golden Parachutes

Falling Men (illustration: Siemond Chan)

If you think executives and CEOs are paid handsomely for doing their job, wait until you hear how they're compensated when they step down and leave their paycheck behind.

John Krenicki is just one of the most recent examples of a former executive to receive a generous golden parachute. After 29 years with GE, the company is paying him $89,000 a month until 2022 as part of his severance package. If you do the math, that works out to be a cool $1 million per year for 10 years.

Below we take a look at a few executives who have received golden parachutes of their own.