GE pays an Exec $89,000 a month to do Nothing!

General Electric (GE) executive John Krenicki is leaving the firm at the end of 2012, and in return, for agreeing not to go to work for any of GE’s rivals for three years, Krenicki will be paid a “retirement allowance” of $89,000 a month for ten years, or some $10.7 million.
 

 
The WSJ aricle explains why General Electric has agreed to pay a retiring executive $89,000 a month until 2022

Video:   Why This Man Is Getting $89,000/Month Not to Work
Kate Linebaugh on Lunch Break explains why General Electric has agreed to pay a retiring executive $89,000 a month until 2022.
 
 
 

Advertisements

About benvitalis

math grad - Interest: Number theory
This entry was posted in News & Politics and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s