Yum Brands executive chairman David Novak has the largest stash: $234m,which will translate to monthly payments of $1.3m for the rest of his lifeForget retirement worries: once a elephantine cat, always a elephantine cat. The top 100 chief executive are sitting on pension pots worth $4.9bn (£3.2bn) – equal to the total retirement savings of 116 million of the poorest Americans, and according to a study released by the Institute of Policy Studies on Wednesday.
The average of the top 100 CEO retirement funds is $49.3m,enough to generate monthly retirement cheques of $277686. The average monthly payment works out at 16 times the amount president Obama is due to receive when he leaves office.
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Source: theguardian.com