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Tyco Chairman rakes it in by the truckload

Wow, would I love to be a CEO for one of these companies!! I would make a couple of speeches saying how sorry I was that I was being paid so much. I would give a couple of million to a homeless shelter (see video below – needless pain and suffering in New Orleans makes me want to puke) and I would frequently fly to an Hawaiian island and tell everyone to bite my butt! Unfortunately, I’m not in the club.

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From Forbes:

The chief executive of Tyco International Inc., which recently spun off its heath care and electronics units, received compensation valued by the company at about $34.1 million in fiscal 2007, according to a preliminary proxy statement filed Friday with the Securities and Exchange Commission.

Edward D. Breen, 51, received a base salary of $1.6 million in the fiscal year ended Sept. 28. He did not receive a bonus, but he did get about $3.3 million in non-equity incentive plan compensation. (more…)

By |2007-12-14T22:05:30-04:00December 14th, 2007|Corporate Wrongs|Comments Off on Tyco Chairman rakes it in by the truckload
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