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Golden Parachute

And this, people, is what is wrong with our society today. He resigns after 3 months and gets $3 million. Yet, so many people who had jobs that they needed for food, housing, electricity, are let go to save the company and shareholders' money. It's a sick reality. And the kicker, these CEOs believe they were worth it. So flippant..."I have enjoyed my time here and am grateful to have had the opportunity to assist Dr. Eshelman and the senior leadership team with such an important milestone in the life of this great company," REALLY? How can one do that in 3 months?

If I had a job for 3 months, 3 years, or 3 decades and resigned for WHATEVER reason, I wouldn't even get unemployment, no matter WHAT I contributed to the company over that time.

"The Wilmington StarNews reports that in a regulatory filing in October, PPD said that Hill would receive $3.065 million as part of golden parachute payments to top executives and board members if the deal with Carlyle and Hellman & Friedman was consummated." Somebody was sure looking out for him. Promised this in October when hired a month earlier? Wouldn't it be nice to have friends in high places like that!

Most likely, he will move on to the next golden parachute, and the next, while the rest of us watch...and search every day for jobs that aren't out there that will take care of our families in the most modest ways.


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