Ousted L3Harris CEO Chris Kubasik forfeits $45 million—but he’ll still walk away with $80 million in stock and options

The ex-CEO was previously forced to resign from Lockheed Martin after a 2012 ethics investigation confirmed he had a personal relationship with a subordinate.

The top 3

  1. Top 3 Largest Golden Parachutes Recorded: Adam Neumann of WeWork negotiated an estimated $1.7 billion payout from SoftBank, while Jack Welch of General Electric received approximately $417 million in 2001, and Lee Raymond of Exxon Mobil Corp. received around $320 million in 2005.
  2. Highest Payouts for CEOs Leaving Under Pressure: Adam Neumann received an estimated $1.7 billion package after being ousted from WeWork, William D. McGuire of UnitedHealth Group collected $286 million after being found guilty of backdating stock options, and Robert Nardelli of Home Depot received $223 million despite consistently poor company results.
  3. Largest Stock and Option Components in Exit Packages: Adam Neumann's WeWork deal included the ability to sell up to $1 billion in stock back to SoftBank, while William D. McGuire's $286 million package was largely due to backdated stock options, and Mark Hurd's $50 million payout from Hewlett-Packard included significant stock.

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