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
Under Michael Eisner's guidance, Disney added 7 theme parks, a cruise ship line, a successful stage play division and 10 domestic cable channels, and increased its revenue from $1.5 billion (1984) to $30.75 billion (2004). The company's stock price increased 1,646 percent. But a shareholder revolt and a bitter rivalry between Eisner and Roy E. Disney, the nephew of Walt, led to his quasi-voluntary resignation — taking home some $1 billion in bonuses, salary and stock options acquired over his 21 years at the company.
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