Shareholders will not complain a bit about this.  I think when he took over, the stock was somewhere around $5 per share, and he’s gotten them $26 plus a share of Kinder Morgan’s upside, which is significant.  And if you do your homework, only about $7 milliion of it relates to true contractual severance.  The rest of it is based on the value he created in the stock during his tenure.

Next, Uncle Sam is going to take a huge bite out of that reported $95 million.  Sadly, of course, the government will squander it buying the votes of SEIU union members …. , but that’s not Mr. Foshee’s fault

Lastly, knowing Mr. Foshee, I’m quite sure a HUGE amount of this will end up in the hands of a few very worthy charities.

I hope the business media gives him a fair shake here.  Obviously the headline-mongerers will not.

Independent Texan, you’re probably right about Mr. Foshee being worthy of this windfall, but can you see how the average person looks at this?  Who can comprehend 95 million dollars?  When you have to scrape up the coins from the bottom of your pocket so you can pay for a cup of coffee, when you have to make a decision about the good brand or cheap brand of bologna, when you have to buy the generic brands of vegetables or bleach or flour to stay within your budget, 95 million dollars looks like all the money in the world anyone could ever want.  I think this is directly related to the Occupy Wall Street protestors and their 1% vs. 99% slogan, that one person receiving this amount of compensation is practically immoral, no matter how hard he worked or how much the price of the stock gained. 

You want the business media to give him a fair shake and they probably will, and he most likely doesn’t deserve the “headline-mongerers” blare, but — $95 million?

the low life employees that worked for El Paso will lose their 401k matching benefits, and they will get about 1/2 as much contributed to their cash balance retirement plan under Kinder Morgan.  The 1% just shafted the rest of us again.  Doug makes 95 million, the 5000 el paso employess get screwed.  Thanks Doug, I hope you go to hell.

Wall Street is killing America, one lousy ceo gets $95 million, seriously?  What could this guy have done to deserve that kind of money?  What about the real hard working employees?  they get stock gain if they own any stock.  Guess what, el paso limits employees to only owning 25% of their 401k in the company stock, so none of the low life workers is making out on this deal, don’t fool yourself.  The 1% wins again, they are taking away all our money and opportunity. 

FAIR SHAKE?  what the hell, he makes 95 million and we should congratulate him?  give me a break, he robbed the company and it’s employees, talk about the ponzi scheme from hell.  He should be going to jail, give ‘em the bend over, not a fair shake.

This is simply robbery at its finest.  One guy with connections gets $95 million.  The real workers get nothing, NOTHING!!!  The employess are told to work hard in hopes of keeping their jobs because the layoffs are coming, yes, many people will lose their jobs as a result of Doug making $95 million.  Does that make sense?  Doug, you should give back the money you stole and it should be distributed to the employees.  I don’t know how you sleep at night banking 95 million while putting middle class workers out of work.

Jaw dropping?  are you kidding, I almost had a heart attack.  Nobody is worth that kind of money.  This is exactly what is wrong with wall street.  Time to start a revolution people, wait a minute, maybe thats already happening.

http://tinyurl.com/4skyaqr

Tell the employees that got laid off in Nov 2009 – April 2010, and had their stock options taken away that this is a fair shake. And don’t forget the thousand(s) of employees that will get laid off as soon as this becomes final.

Nicely written!!