It’s Not Personal. It’s Just Business.

ACADEME BLOG

In a recent post, I detailed the “golden goodbyes,” the no longer extraordinary, very generous retirement packages, being negotiated by university presidents across the United States. I described this trend as salient evidence of the corporatization of our universities, but I don’t think that one can truly understand what is occurring with pensions without knowing the numbers.

Here are the CEOs with the top ten retirement accounts (source: the Center for Effective Government’s report Platinum-Plated Pensions):

John Hammergren

Company: McKesson

Personal Pension Fund: $144,278,492

Anticipated Monthly Pension Payment: $853,205

David Cote

Company: Honeywell

Personal Pension Fund: $134,458,619

Anticipated Monthly Pension Payment: $795,134

Michael Duke

Company: Wal-Mart

Personal Pension Fund: $113,157,559

Anticipated Monthly Pension Payment: $669,169

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