Ge Dividends Cut

Question: Wachovia CEO Thompson Out After Losses – How Much Will His Golden Parachute Be Worth?

After posting 1st quarter losses of $393 million and a 41% cut to its dividend, Ken Thompson is out, being asked by the board to retire. Share price have fallen from a 52-week high of $54.95 to close Friday at $23.80. So how much will this CEO be rewarded? http://news.yahoo.com/s/ap/20080602/ap_on_bi_ge/wachovia_ceo

Answer: Looks like his severance will be $32.7 million. Severance pay is just not fair.

What’s Behind GE’s Dividend Cut (Morningstar)