Posted 1:49 PM by Gene

Little Malcolm (!) presents THE GEKKO KUDLOW HALL OF FAME, CEOs who quit but whose pay won't. Like Ed Whitacre, once of AT&T:

His pension package includes $4.5 million in annual payments for life, plus an $18.8 million lump sum. He'll also get $25,000 in country club fees, $6,500 in annual home security costs and access to the corporate jet for 10 hours a month. AT&T will also cover up to $19,000 in taxes for these benefits, except for use of the aircraft. Whitacre and his family will also receive free health insurance for life. Plus, he'll get just over $1 million a year for three years to work as a consultant to AT&T during his retirement.

Hello? Hello?!? Must be disconnected. Or Doug McCorkindale of GanNETt, who

got, for life, life insurance, travel accident insurance, executive health insurance, legal and financial counseling services, a home security system allowance, an automobile purchase or monthly allowance, and an allowance for club membership fees. "In addition, the company will provide Mr. McCorkindale substantially similar post-retirement benefits for the remainder of his life as well as ownership of the computer and other home office equipment used at the time of retirement, use of company aircraft, and reasonable access to Gannett offices and facilities."

Betcha we won't see a P-Ulitzer-nominated investigative report in USAOKAY!!!!! about that. Or our all-time favorite, LEGENDARY WELCH, who

got approximately $2.5 million in benefits, including access to GE aircraft for unlimited personal use and for business travel; exclusive use of a furnished New York City apartment that, according to GE, in 2003 had a rental value of approximately $50,000 a month and a resale value in excess of $11 million; unrestricted access to a chauffeured limousine driven by professionals trained in security measures; a leased Mercedes Benz; office space in New York City and Connecticut; the services of professional estate and tax advisers; the services of a personal assistant; communications systems and networks at Welch's homes, including television, fax, phone and computer systems, with technical support; bodyguard security for various speaking engagements, including a book tour to promote his autobiography Jack: Straight from the Gut; and installation of a security system in one of Welch's homes and continued maintenance of security systems GE previously installed in three of Welch's other homes.

Now we know why they lay off all those innocent workers!