Show me the money!!!
The Wall Street Journal is reporting that McKesson CEO John Hammergren was paid $130 million in 2011 and has a guaranteed pension of $159 million. Over the last 7 years, he has made $355 million in cash and stock. This, at a time when most companies, including McKesson have done away with corporate pensions.
McKesson distributes medical supplies, equipment, and pharmaceutical products. In other words, they live off the government----and we wonder why medical costs continue to skyrocket.
We all love the free market, but this just seems like one more example of a Chairman and CEO who appoints his buddies to the board who then turn around and allow him to loot the company.
