In the era of government bailouts, it’s not surprising that many taxpayers are crying foul when they hear about CEO’s of companies who get large severance packages for leaving their company. This recently happened when CEO Mark Hurd left Hewlett-Packard. He reportedly got more than $30 million dollars.
Mr. Hurd stepped down from HP after a series of allegations that he falsified expense reports. He is also accused of sexual harassment. Shareholders are furious that he will walk with so much money. I think it’s a shame that these people can take advantage of their situations and still be rewarded.