Sallie Krawcheck just got more or less fired from Bank of America, but she’s going out with a sweet bonus package.
A $6 million check, made up of a $5.15 million one time lump sum or golden parachute and her salary for a year, which was $850,000, according to BofA’s latest 8k.
(Joe Price, who was also ousted with Krawcheck, will get a $4.1 million one time lump sum and also his $850,000 salary.)
Add that to the $80+ million she’s made throughout her career over the years and she is one rich woman.
The $5 fee protestors should have a field day with this one.
Contract law is awesome (check out how corporate raider Carl Icahn uses it to keep one of his employees on stricter lock-down than his wife).