UPFRONT US$2 million a day manager?

Not bad sort of rate – and that’s just the severance pay!
Even in the super strata world of US management pay packets, US$32 million payout after three months’ work is an eye-popping level of expenditure – but that’s what Stephen Crawford earned for his short stint as co-president of Morgan Stanley. And it comes on top of US$133 million severance pay for the company’s former (admittedly long-term) CEO and chair, Phillip Purcell. As one commentator was quoted as saying: “You have to scratch your head and ask what the board was doing.”

Visited 4 times, 1 visit(s) today

Business benefits of privacy

Privacy Week (13-17 May) is a great time to consider the importance of privacy and to help ensure you and your company have good privacy practices in place, writes Privacy

Read More »
Close Search Window