Ex-CEOs Are Cashing In Big Time For Doing Almost Zero Work

For those CEOs that exit on their own terms rather than being pushed out, semi-retirement can be an extremely lucrative second career. Joanne Lublin at the Wall Street Journal finds that both the size and frequency of consulting contracts for former executives are increasing. For example, Samuel Palmisano, IBM's outgoing CEO, will earn $20,000 for a four-hour day at the company. Boeing's ex-CEO Scott Carson earned $1.5 million over two years for no more than 75 hours a month. He never hit that m...