Both CBS' Anthony Mason and ABC's Charles Gibson attributed the firing of Home Depot CEO Robert Nardelli to the fury of the company's shareholders. He had been in the job for six years, earning a salary of more than $120m, while the stock price had fallen by 7%. Yet, with his pink slip, Gibson noted on ABC's A Closer Look, Nardelli received a $210m bonus. "Will it stop? Not unless shareholders rise up in protest."
When CBS' Mason told his anchor Katie Couric that the severance bonus included $20m in cash, Couric commented: "Nice work if you can get it." She is right, of course, but it is still tacky when the highest-paid journalist on the planet poses as if she is in the same boat as regular working stiffs.
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