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Archive for the 'severance' Tag

For some at CenturyLink, time is money…

Thursday, April 14th, 2011

Ben Franklin supposedly once said, “Time is money,” but we found some modern day executives who illustrate the point nicely in 2011 terms. The first, Thomas Gerke, resigned from CenturyLink, Inc. (CTL) last December after serving as the Executive Vice Chairman from July 1, 2009 through December 15, 2010. Prior to that, Gerke spent a few years [...]

Staying put pays off at Spectrum Brands…

Wednesday, February 9th, 2011

We’re not about to get into the relative merits of Atlanta (motto: “Resurgens“) vs. Madison, Wisconsin (“The Berkeley of the Midwest“). To each his or her own, we say. But for John T. Wilson, the soon-to-be-former senior vice-president and general counsel of Spectrum Brands Holdings (SPB) — a company that makes everything from Cutter insect [...]

A blue chip deal inside this blue chip REIT merger…

Thursday, February 3rd, 2011

Ever since Monday, when the proposed “merger of equals” between real estate investment trusts ProLogis (PLD) and AMB Property Corporation (AMB) was announced, ProLogis has filed 20 documents with the Securities and Exchange Commission (including the earnings report it filed just this morning), and AMB has filed another 12. The deal – expected to close [...]

A doozy of a departure from Dell…

Friday, January 14th, 2011

Late yesterday, Dell, Inc. (DELL) filed its Separation Agreement with an outgoing executive, Peter Altabef, and its terms are pretty nice indeed for a guy who has been part of Dell for less than 18 months. Altabef, President of Dell Services, will officially leave on March 31, 2011; between now and then, he will stay [...]

A short, but lucrative, stay at Hanover…

Thursday, December 30th, 2010

As it was for so many others, 2010 was a year of change for Steven J. Bensinger, the departing CFO of The Hanover Insurance Group, Inc. (THG). A couple of weeks ago, Bensinger announced that he’ll be leaving Hanover to “return to the New York area.” Bensinger’s stay at Hanover was surprisingly brief. He just arrived [...]