Parting gifts: Top CEO severance packages in IT

Eric Schmidt

Eric Schmidt raked in a hefty $100 million when he stepped down as Google CEO. (Image courtesy Guillaume Paumier)

Kevin Rollins

Former Dell CEO Kevin Rollins left his post with $48.5 million, mostly in expired stock options. (Image courtesy Ivanmakarov at en.wikipedia)

Edward Whitacre

In one of the largest severance packages ever paid to a CEO, Edward Whitacre at AT&T got a staggering $230 million. (Image courtesy AT&T)

Louis Gerstner

Not far behind, former IBM CEO Louis Gerstner took home $189 million when he left the company. (Image courtesy IBM)

Leo Apotheker

While it might seem like former HP CEO Leo Apotheker got the short end of the stick with a mere $9.6 million in severance, considering he only held the position for 11 months, he did pretty well. (Image courtesy David Terrar)

Gianfranco Lanci

After getting a cool $42.9 million upon leaving Acer, former CEO Gianfranco Lanci was sued by his former employers, who accused him of breaching a non-competition agreement when he went to work for Lenovo soon afterwards. (IT World Canada file photo)

Sanjay Jha

Motorola Mobility’s former CEO Sanjay Jha received a generous $65.7 million when his company was acquired by Google. (Image courtesy Motorola Mobility)

Carly Fiorina

Former CEO-turned-politician Carly Fiorina received $42 million from HP before she switched to campaigning as U.S. Republican Senate candidate (she lost). (Image courtesy Antonio Milena/AB)

Mark Hurd

Former HP CEO Mark Hurd received between $40 and $50 million in cash, stock options and benefit. (Image courtesy Hartmann Studios)

Margaret Whitman

Margaret Whitman, formerly CEO at eBay, received nearly 10 times what Balsillie and Lazaridis are getting combined: $120 million. (Image courtesy Max Morse)

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

ITW in your inbox

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

More Slideshows

Top Tech News