I read in the business week magazine an ex-Morgan Stanley Bank CEO obtained a mind-boggling US$100M+ pay package for being fired! The lucky guy's name is Philip Purcell. Over at the web, a similar article reads "Philip Purcell's golden parachute has a platinum lining".
Overpaid? Perhaps. Well-deserved? Maybe. Googling his biography however, the guy's a whiz kid! Or so it appears. After earning his MBA and MS in Finance at London School of Economics, he became the youngest principal of a consulting firm. This apparently propelled and prepared his way to Wall Street.
Somehow, this kind of overachievers getting the best end of the bargain is ludicrous!
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