All Employees Should Get Same Benefit Plan
Former Morgan Stanley Chief Executive Phillip J. Purcell will receive $43.9 million in cash and $500,000 a year for the rest of his life plus health benefits and “administrative support” (“Ex-CEO Gets $44-Million Severance,” July 8).
This moderate Republican thinks this is an outrage. No one is worth that kind of money except maybe Dr. Jonas Salk, who invented the polio vaccine.
All employees of a company, including senior executives, should be subject to the same retirement and benefit plans.
Loss of faith in our economic system is the result of these kinds of outrages.
David R. Gillespie
Bonita, Calif.
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