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Topic: Business
Number of pages / Number of words: 6 / 1515
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They felt the contract and compensation needed to reflect the current trend of supply and demand in the executive leadership arena and rather than tie much of the compensation and exit package to performance-based formulas, they offered the moon and Nardelli accepted. After a few years of arguably mediocre performance and personality conflicts, Nardelli resigned and continues to fall gently thanks to his “golden parachute”...


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After a few years of arguably mediocre performance and personality conflicts, Nardelli resigned and continues to fall gently thanks to his “golden parachute”.

NBC Universal (owned by GE) recently reached a similar crossroad of their own. Legendary CEO Bob Wright was 63 and reaching the generally accepted GE retirement age of 65...


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