100 CEOs Have as Much Retirement Wealth as 41% of American Families
‘As President Obama prepares to ride off into the sunset, among the perks he can look forward to is a presidential pension. Every month for the rest of his life, he’ll receive a retirement check for about $17,142 — not bad for a guy with at least a few black hairs remaining on his head.
And yet this sum is paltry compared to the retirement assets enjoyed by most big company CEOs, including some whose nest eggs were feathered by taxpayer dollars.
Take, for example, Michael Neidorff, the CEO of Centene, which manages health plans for Medicaid recipients and other poor Americans. Since Obamacare began expanding health coverage in 2010, Neidorff’s company retirement account has grown 658 percent, to nearly $140 million. That’s enough to generate a monthly check of $744,000—43 times as much as Obama’s.’
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