Fire Me Please
from the thanks dept
During the boom and early bust years there were plenty of stories of chief executives losing their jobs with handsome payouts. Remember how Webvan's George Shaheen was supposed to get $375,000 per year for life while having $7 million loan the company gave him forgiven, after driving the company directly into the ground? Well, now it turns out that PeopleSoft's Craig Conway, who was clearly fired for dishonesty is falling back on his golden parachute that is giving him an immediate payout of $16.5 million. Getting fired for lying never felt so good. And, of course, despite years of corporate scandals, the lesson is still the same: lie, cheat and steal -- and if you get caught, just wait for the severance package.
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The American Way
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