golden parachute

Want to make an easy $6.6 million at Best Buy? Find a way to be its next CEO and then have an inappropriate relationship with an employee. Because as Brian Dunn has shown, getting booted for a shady affair won't cost you your big golden parachute.

The Securities and Exchange Commission on Tuesday approved a measure that gives institutional shareholders a vote on executive pay at large corporations, part of regulators' efforts to give investors greater say over top-level salaries that have been described as excessive.

Former CEO Rick Wagoner will receive roughly $23 million for his pension. While technically not a severance package, it is really from the pension fund. And folks are still outraged over the amount. Pretty good pay for someone who was fired, essentially for running his company into the ground....