How about this as a reward for failure… 
Jeffrey Meyer, who masterminded a truly spectacular destruction of shareholder value as chief executive of Gartmore, has landed a $6.1m payoff.
From Bloomberg.
Gartmore Group Ltd.’s chief executive officer, Jeffrey Meyer, will receive a payoff of 3.75 million pounds ($6.1 million) after selling the fund manager to rival Henderson Group Plc.
Meyer, who became CEO in 2005, will also receive a bonus worth 1.2 million pounds for 2010, bringing his total compensation for last year to 2.03 million pounds, according to Gartmore’s annual report. In 2009, Meyer’s total pay was 1.63 million pounds.
Meyer was also given 3m shares as an incentive to sell Gartmore to Henderson.
That he managed to do – albeit at less than half of its December 2009 flotation price.
Worth every penny.
Related link:
For sale: one tarnished fund management group – FT Alphaville
Gartmore 2010 annual report