Friday, March 21, 2003

EDS' Brown gets $37M severance package

Former Electronic Data Systems Corp. Chairman and CEO Dick Brown, who was ousted by the computer services company Thursday, is leaving with a severance package worth more than $37.4 million.

Am I the only person in the world who thinks this is obscene? Shouldn't a failed executive get kicked out on his can? Shouldn't he be walked to the door by security? Shouldn't his health insurance benefits be canceled? Oh - wait a minute - that kind of treatment is reserved for you and me.

These companies deserve what they get - unfortunately - it's the investors/employees who pay the piper.And if you think we're going to see any meaningful regulation from a Republican administration - don't hold your breath!


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