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SO WHAT'S NEW ? |
| Message Name: |
And this may become even more interesting |
| Date Posted: |
01/19/2006 |
| In Reply To: |
So do you like hewitt ? are you happy ?
what do you think about the new food ? |
| Message: |
In an article from Pensions & Investments, Nov 14, 2005 v33 i23 p24
Mentioned raised eyebrows about whether HA was already planning to sell out due to the Oct 7 filing with SEC. If - perish the thought - there were to be a change of control of the company and the top 24 executives lose their jobs as a result of a merger or acquisition, their severance - on top of their sell out bonuses will leave each entitled to a lump-sum payment equal to two times their base pay and target - not adjusted partial target -annual incentive. Well, that and a few other rewards for such a well done job so they would not have to endure what they have inflicted on others on their way to "we got ours" land.
Did any of the Dec layoff casualties get this kind of package - doubt it.
Of course, after their high level results are more public knowledge, the 24 may have to wait more than 2 years before anyone wants to offer them a new job at a considerable cut.
TAKING CARE OF BUSINESS - every day and every way - oh, but not that silly working overtime part.
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