Claire Wyckoff

Co-authored by Claire Wyckoff and Nat Stoddard<br />
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When Bob Nardelli was ousted as CEO, it cost Home Depot $210 million. Pfizer gave Hank McKinnell a $123 million package, Gary Forsee received $40 million from Sprint, Carly Fiorino, $23 million from Hewlett Packard, and Richard Grasso, a highly controversial $188 million from the New York Stock Exchange. While not as impressive as the headline “funny money” payments to a handful of executives, the authors’ experience with hundreds of senior-level executives’ severance provisions indicates there is still cause for considerable concern. <br />
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Indeed, our experience has led us to research the issue further and to start developing new processes for reducing the rate of turnover in the C-suite. Here is brief outline of what we’ve learned.<br />
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<a href="../portals/hrcom/story_docs/Articles 2009/Playing by the numbers.pdf">Click here</a> to read the entire pdf.<br />
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