Giving Up the Corner Office

looks back at 2002's Golden Executive Parachutes. We wish them good luck on the golf course.

Doing It Without Chuck (who made do with a $33 million severance package)

"The real leaders are those that figure out how to get things done beyond what they could get done themselves."

Green With Envy: Rationalization and a $7.6 million severance package

"We always like greater clarity in their ratings process. But we've worked closely with them [credit ratings agencies] and will continue to do so and have no significant issues in that regard. I think it's a normal and healthy rationalization in an industry after a bull run and a lot of investment."

Padewer extracts "extrinsic" $2 million to $3 million

"One of the issues that separate the pure plays and people like Duke is that a pure play generator-that doesn't have strong trading operations and doesn't understand the markets in a way a trading company does-can't extract that extrinsic value, by definition."