Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, June 10, 2008

CEOS Get Big "Golden Coffins"

The Wall St. Journal focuses on "golden coffins," or death benefits, paid to CEOs who die in office, about which, thanks to the SEC's compensation rule changes, companies are required to give more disclosure.  Compensation critics describe death benefits as the ultimate pay that is not based on performance.  A chart gives details on some of the biggest numbers, including Brian Roberts, Comcast CEO, who will get close to $300 million if he dies in office.  WSJ, Companies Promise CEOs Lavish Posthumous Paydays.

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