$50 Million Golden Parachutes

Nov. 1, 2011 – Pending company mergers and acquisitions are about to make some CEOs very happy, and very rich. Three company chiefs are each scheduled to earn more than $50 million for selling their companies. The Wall Street Journal analyzed company documents and SEC filings regarding pending sales of the companies in question, according to reporter Scott Thurm.

“Topping the list: Sanjay Jha, CEO of Motorola Mobility Holdings Inc., who could receive $65.7 million as part of Google Inc.’s acquisition of the cell-phone maker, according to Motorola’s filings,” Thurm reports.

Other generous severance packages in the study include a potential $53.8 million payday for Southern Union Co.’s CEO George Lindeman. Michael Orsinger, top dog at Synthes, a Swiss medical device manufacturer may earn a cool $51.9 million.

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