It is always interesting to learn how much the leaders of the retail world earn-- such as former RadioShack CEO James F. Gooch (left), who earns a handsome golden parachute worth $3.9 million following his September 2012 departure from the retailer.
The severance payment pushes Gooch's total compensation by 16% despite a -25% lower salary payment, the Wall Street Journal reports.
Gooch left RadioShack after less than year, following a tenure marked by dwindling margins and increasing losses. on February 2013 the 92-year old small-box retailer with the anachronistic name found a new CEO, ex-Walgreens executive VP Joseph Magnacca, who receives a $1m signing bonus on top a $1m salary, 500000 shares of restricted stock and 2.5m stock options.
On the other end of the CEO wage scale is no other than Amazon boss Jeff Bezos (right)-- Bloomberg reports Bezos earned a 2012 salary of $81840 with no raise over 2011 and no stock awards, as part of a $1.68m total compensation covering security arrangements and corporate travel.
How come? Amazon gives top executives "a minimum level of cash compensation" since it ties pay with building shareholder value, and the head honcho leads by example...
Mind, don't worry Jeff Bezos might be underpaid just yet-- as founder, Bezos owns a 19% stake in Amazon (worth around $23.5m) and is the 20th richest man in the world (with a fortune of $25 billion) according to the Bloomberg Billionaires Index. Still, RadioShack remains in the doldrums while Amazon continues to grow... one of the two companies must be doing something right.
Go Former RadioShack Chief Received Nearly $4m Severance Payment (WSJ.com)
