Take Action Against Executive Excess!

Merck and Schering Plough

The Great Recession’s highest-paid CEO layoff leader is Fred Hassan, former CEO of Schering-Plough. After Schering-Plough merged with Merck, Hassan walked away with a $49.7 million golden parachute after laying off 16,000 workers in the merger process. Current Merck CEO, Richard Clark, received $11.9 million.

Both Hassan and Clark are among a group of CEOs who were rewarded for firing workers to maximize their corporate profits during our current unemployment crisis.

CEOs of the 50 firms that have laid off the most workers since the onset of the economic crisis took home 42 percent more pay in 2009 than their peers at S&P 500 firm.

Help put these CEOs to shame. Write a post on your Facebook wall, send a tweet to your followers, and tell your friends that you won't stand for injustice. Together we can stop executive excess.

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Drug co Merck laid off a total of 16K when it merged w/Schering-Plough. Ex-CEO Hassan walked away with $49.7M.

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