Biggest Golden Parachutes
As outcry grows over executives who reap millions in severance bonuses in the face of their companies' downfalls and bail-outs, TIME takes a look at other golden parachutes — and the people who opened them.
—Claire Suddath
In a 2007 emergency board meeting, Citigroup Inc.'s Charles Prince announced his resignation by saying, "Given the size and nature of the recent losses in our mortgage-backed securities business, the only honorable course for me to take as chief executive officer is to step down." He walked away with $99 million in vested stock holdings and a pension, on top of the $53.1 million salary and bonuses he racked up during his four year tenure.
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