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What’s it worth to Weatherford International (WFT) to keep its chief financial officer happy? About $7.25 million, from the looks of the 8-K it filed late yesterday. Weatherford’s compensation consultants and attorneys have been having a busy couple years of it. Worried about unspecified tax concerns, the company froze its executive pension as of late [...]
It’s not often the head of a $3 billion company walks away with more than $130 million. But that’s what it looks like Omnicare (OCR) Chief Executive Joel Gemunder could do, with his abrupt retirement and replacement by Omnicare director Denny Shelton, the ex-CEO of Triad Hospitals. To us, it doesn’t sound much like the long-planned [...]
Wearing a belt and suspenders is good insurance, and generally it’s no harm to anyone (and maybe a boon to the belt and suspenders industries). But when it comes to executive retirement planning, we’re less sanguine about the approach. On Wednesday at a little after 5 p.m., VCA Antech (WOOF) — a Los Angeles company [...]
Talk to longtime AT&T workers, and plenty will characterize the company as anything but gentle when it comes to fiddling with its pension plan. Changes in the late 1990s promised to leave tens of thousands of older employees working for years — a decade or more in some cases — without seeing their pensions grow. [...]
