Former CEO Tom Glocer gets paid millions not to work at Thomson Reuters
Former CEO Tom Glocer gets paid millions not to work at Thomson Reuters
Tom Glocer, who left Thomson Reuters at the end last year after 10 years as CEO, earned $6.7 million in bonuses on top of his salary in 2011, and will also get a $3.1-million golden parachute to be paid over the next two years. In all, Glocer stands to make $20 million, which seems rather generous considering Thomson Reuters’ stock price fell almost 40 per cent in 2011 and he stepped down after failing to turn around the company’s lackluster sales. We can only imagine what Roger Martin would say about this one. Read the entire story [Globe and Mail] »
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Tom Glocer, who left Thomson Reuters at the end last year after 10 years as CEO, earned $6.7 million in bonuses on top of his salary in 2011, and will also get a $3.1-million golden parachute to be paid over the next two years. In all, Glocer stands to make $20 million, which seems rather generous considering Thomson Reuters’ stock price fell almost 40 per cent in 2011 and he stepped down after failing to turn around the company’s lackluster sales. We can only imagine what Roger Martin would say about this one. Read the entire story [Globe and Mail] »){kind=link}