Sad to see a venerable company like Chubb getting gobbled up. Less competition in any industry is ultimately bad for consumers. $80m for that? No thanks.
I am not sure an $80 million golden parachute is a good thing for a guy age 66 and who may not work much longer. The Shareholders are correct. Put the money in growth of the company. He can be fairly compensated for a whole lot less than this.
Wonder how many good, solid, loyal performers will be summarily executed to fund this dude’s pay day? After all, he’s only been there a short time. Sadly, a good company like Chubb will now just become like everyone else. Mr. Greenberg pulled off what his daddy couldn’t. Shareholders you did good.
Golden parachutes should be outlawed. It’s embezzlement. Nobody earns a golden parachute; they already got paid for their work.
While welfare is looked at as a disincentive to working, what about a multi-million dollar welfare check? If you get fired, the consequence is that you get millions of dollars to NOT work. How is that being held accountable? Rewarded for failure? Where is the accountability?
Sad to see a venerable company like Chubb getting gobbled up. Less competition in any industry is ultimately bad for consumers. $80m for that? No thanks.
I am not sure an $80 million golden parachute is a good thing for a guy age 66 and who may not work much longer. The Shareholders are correct. Put the money in growth of the company. He can be fairly compensated for a whole lot less than this.
ACE or AIG from here on out, two guys duking it out. Crestbrook is “Sort of a big deal”.
Wonder how many good, solid, loyal performers will be summarily executed to fund this dude’s pay day? After all, he’s only been there a short time. Sadly, a good company like Chubb will now just become like everyone else. Mr. Greenberg pulled off what his daddy couldn’t. Shareholders you did good.
Golden parachutes should be outlawed. It’s embezzlement. Nobody earns a golden parachute; they already got paid for their work.
While welfare is looked at as a disincentive to working, what about a multi-million dollar welfare check? If you get fired, the consequence is that you get millions of dollars to NOT work. How is that being held accountable? Rewarded for failure? Where is the accountability?