One big factor, he says, was an error Crystal made five months ago when he credited Phelps Dodge Corp. chairman Douglas Yearley with stock options worth $3 million instead of $300,000. Despite several public apologies, the Phelps Dodge exec has not forgiven Crystal, who says Yearley “is the proximate cause for my being fired. " Unfortunately for Crystal, Yearley wasn’t the only CEO out for his hide. A clash between Crystal and Champion International Corp’s Andrew Sigler, who was included in a list of the 10 most overcompensated executives in the United States, sealed Crystal’s fate. But CEOs like Sigler shouldn’t celebrate yet: Crystal says he’s already received six job offers.
title: “On The Run With America S Top Pay Cop” ShowToc: true date: “2023-01-25” author: “Paula Rose”
One big factor, he says, was an error Crystal made five months ago when he credited Phelps Dodge Corp. chairman Douglas Yearley with stock options worth $3 million instead of $300,000. Despite several public apologies, the Phelps Dodge exec has not forgiven Crystal, who says Yearley “is the proximate cause for my being fired. " Unfortunately for Crystal, Yearley wasn’t the only CEO out for his hide. A clash between Crystal and Champion International Corp’s Andrew Sigler, who was included in a list of the 10 most overcompensated executives in the United States, sealed Crystal’s fate. But CEOs like Sigler shouldn’t celebrate yet: Crystal says he’s already received six job offers.
