Monday, October 20, 2008

Retirement planning?

From American Banker (3/22):

"KeyCorp's chairman and chief executive, Henry Meyer...got paid $4.8 million last year in salary, bonuses, and contributions to his retirement account..."

His salary is $950,000, plus a $3.5 million bonus.

$4.45 million could set ME up for LIFE, and this guys actually bothering to add $350,000 to a retirement account every year? Is he worried he's going to run out? Frugal must not exist in his dictionary, yeesh...

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