Thursday, April 27, 2006

Nice work if you can get it

Let's say you have a job and you're not doing so well with it. Let's say your company, with you at the helm, lost 5.1 million bucks in three months. Let's say you then decide it is time to leave that company, time for someone "with fresh eyes" to take over the company. You say so as you announce your resignation. So, you've resigned, after a bad loss and basically said someone else could do a better job. You should get, at best a pat on the back with a "nice knowing you". But if you are Derrick Rowe, former CEO of FPI, you get three quarters of a million dollars in a severance package. If you didn't already know the difference between the rich and the rest of us, now you do. Regular folk would have been fired for doing that kind of job and given a boot on the way out. Wonder if Rowe qualified for Employment Insurance after he left? Well, probably after he gets his monthly cheque of $10,417 for 36 months (on top of his lump payment of $375,000). I just want to know how I can get that kind of pay for not working. Any ideas?


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