My Reaction to Tip #3 - Daniel Attella

I agree that a severance package is not necessary for upper level officials. Typically CEO's, CFO's and other high-ranking officials in an organization hold enough stock in the company to keep them afloat for the rest of their life. For example I had recently heard about Exxon Mobil' CEO Lee Raymond has a retirement package valued over $400 million the largest retirement package in history. Is this necessary? I'm not sure if anyone is worth that much. I think that these CEO's and higher ups can live very well with what they have earned throughout their time as CEO. Stock accumulation is one method, another would be a solid 401K plan, or an IRA, or other sources of investments to keep what they have at the time of retirement in a growth phase.