Severance payments to outgoing leaders of big groups can equal 12 months or more of base pay, according to CEO Update's upcoming report on CEO compensation in the largest associations. The highest severance went to Ronald Henrichs, who led the American Academy of Dermatology for eight years, until June 2012. AAD paid Henrichs $325,862 in severance in 2012 and earmarked another $320,904 for 2013, bringing severance to double his base pay. Of the 19 severance payouts analyzed in CEO Update's report, payments to nine CEOs equalled 12 months or more of base pay, and those typically went to CEOs with long tenure. Richard Flaherty ran the American Association for Clinical… Read More