SHARE
TEXT SIZE:
SHARE
Send a copy to me

Separate multiple email addresses (max 20) with commas.

0/1500

Relocation, Relocation, Relocation

When public companies hire C.E.O.'s, shareholders often supply the moving vans—and occasionally the homes too.

Man holding shield
Top executives rewrote their contracts after Enron, making it nearly impossible for them to get fired. Now shareholders are paying the price. Read More
Last Trade:Change:
Primary executive:
Peter A. Darbee,
Summary:
A holding company, which through Pacific Gas and Electric Company is engaged in the businesses of electricity and natural … View More
Last Trade:Change:
Primary executive:
A.D. David Mackay,
Summary:
The Company and its subsidiaries are engaged in manufacturing and marketing of ready-to-eat cereal and convenience foods. View More
Last Trade:Change:
Industry:
Finance
Primary executive:
Lloyd C. Blankfein,
Summary:
An investment banking, securities and investment management firm, which provides a range of services worldwide to a diversified … View More
Last Trade:Change:
Industry:
Healthcare
Primary executive:
Kevin W. Sharer,
Summary:
A biotechnology company, which discovers, develops, manufactures and markets human therapeutics based on advances in cellular and molecular biology. View More
Last Trade:Change:
Industry:
Telecomm
Primary executive:
Edward A. Mueller,
Summary:
The Company provides voice, data, Internet, video and wireless services nationwide and globally to mass markets, business … View More
Last Trade:Change:
Industry:
Retail
Primary executive:
W. Howard Lester,
Summary:
The Company is a retailer of products for the home. View More
Last Trade:Change:
Industry:
Technology
Primary executive:
Tod Nielsen,
Summary:
The Company is a vendor of open application lifecycle management solutions, which represents the segment of the ALM market … View More
Edward A. Mueller
Industry:
Telecomm
Biography:
On August 10, 2007, the Board appointed Edward A. Mueller, 60, as a director and to the positions of Chairman of the Board … View More
Amgen logo
California biotech firm Amgen ­promoted Robert Bradway to C.F.O. last year and paid $170,541 to relocate him from New York.

Edward Mueller

In September, Denver-based Qwest Communications paid $8.9 million for the San Francisco home of its C.E.O., Edward Mueller, whom it had hired from ­Williams-Sonoma. Qwest sold the home three months later for just $7.1 million.


Edward Forst
Last year, Goldman Sachs spent $568,679 on moving chief ­administrative officer Edward Forst from New York to London.


In the fall of 2006, San Francisco-based utility PG&E paid $337,296 to relocate its new general counsel, Hyun Park, from Allegheny Energy in Pennsylvania.
 

Tod Nielsen
Borland Software in Cupertino, ­California, moved C.E.O. Tod Nielsen twice in two years: first from Redmond, Washington, where he’d worked for BEA Systems, and then to its new headquarters in Austin. Grand ­total: $295,227.



Jim Jenness

When Jim Jenness became chairman and C.E.O. of ­Kellogg in 2004, the firm agreed to cover his ­relocation expenses ­after he stepped down as C.E.O. He did so in 2006, costing ­Kellogg $964,613 in moving expenses, a loss on his house’s sale price, and a tax gross-up. 

Photoillustrations by Julie Teninbaum.


 


 



 

Loading...
Add Your Comment Read all
View
 

Thank you for registering as a Portfolio.com Insider. Your comment has been added.

Create Your Public Profile

Also in Portfolio.com
Most Read
Most Emailed
Recently Commented

Newsletter Sign-Up
Subscribe
Newsletter Sign-Up
Subscribe