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McKesson CEO (MCK) John Hammergren would have received a whopping $159M in pension benefits had...

McKesson CEO (MCK) John Hammergren would have received a whopping $159M in pension benefits had he voluntarily retired on March 31, the WSJ calculates. That's far and away the largest pension for a current executive at a public company and probably the largest in U.S. history. Hammergren's pension has been boosted by several unusual factors, including credit for extra years of service and for pay that he didn't receive. The company is also waiving a penalty for early retirement.
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Comments (1)
  • stevengilman
    , contributor
    Comment (1) | Send Message
     
    This is one of the most outrageous pension benefits of all time. No human being is worth that amount. I question the effectiveness and competency of the board of directors. The board was in his pocket and not looking out for the stockholders.
    25 Jun 2013, 09:48 AM Reply Like
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