What’s more, upon termination Muilenburg can walk away with another $30 to $40 million. And his supplementary executive pension is worth another $11 million, according to these statements.
Welcome to the corporatocracy of America, where you can fail badly enough as CEO to get fired — but not be held legally culpable — and then be handed tens of millions of dollars to get lost.
Then you get to go sit on the boards of several other public companies, and get millions a year from each one to show up to a few meetings and rubber stamp corporate documents.
It truly is a good-old-boy’s club. Hey, it’s a tough job, but someone’s got to do it.