“Our buddies at Morningstar’s Footnoted.com have a hilarious piece about what they’re dubbing the ‘new golden parachute,'” Shira Ovide reports for The Wall Street Journal.
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“On multiple occasions Footnoted dug up from employment contracts, public companies have agreed to pay for iPads if their executives leave the company,” Ovide reports. “It’s not entirely clear why high-powered corporate chieftains need to fight to hold onto their tech gear. General Growth CEO Mathrani, for example, is going to make a $1.2 million annual salary, plus a minimum yearly bonus of $1 million in his first two years on the job. Even the top-flight iPad costs just 0.03% of Mathrani’s annual salary and bonus.”
Read more in the full article here.
MacDailyNews Take: At least RIM’s half-CEOs Lazaridis and Balsillie have something to look forward to when amateur hour is over. Skadoosh!
[Thanks to MacDailyNews Reader “JES42” for the heads up.]