(I’m pasting-in this clip from the WSJ to show that this is a bona fide story and not something out of a Muslim commie Kenyan anti-colonialist way gay anti-American dream factory.)
Despite his short-lived tenure, Mr. Johnson will receive exit payments worth as much as $44.4 million, according to Duke.That includes $7.4 million in severance, a nearly $1.4 million cash bonus, a special lump-sum payment worth up to $1.5 million and accelerated vesting of his stock awards, according to a Duke regulatory filing Tuesday night. Mr. Johnson gets the lump-sum payment as long as he cooperates with Duke and doesn’t disparage his former employer, the filing said.
The Duke board voted for Johnson’s resignation, and since Johnson was eligible for severance if he quit for “good reason,” he is able to collect his $44 million. Grist calculates that Johnson’s pay package comes out to $5.5 million per hour, if he actually put in a full 8-hour day.
You can have wealth concentrated in the hands of a few, or democracy. But you cannot have both.
I need to get a job like that!
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It is insanity! Nothing more.
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Wait. You mean he didn’t earn it? That he wasn’t worth $5.5 million per hour?
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Brilliant, these people are just fu ck ing brilliant. Now the question is, what does that say about the rest of us? 😉
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That unlike them, we’re stupid enough to have principles? 😦
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And what would those principles be, that we wouldnt take the money and have no problem letting them do it?
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I assume he created a pile o’ jobs too.
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Hey, yeah – he’s a job creator! That’s what they paid him for. Does this not take the proverbial cake Bruce?
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He might have hired a new domestic or driver I suppose.
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