Special Report on
Golden Parachute Rules
Golden Parachute Rules - Trends
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Former University of Maryland Medical System CEO Edmond F. Notebaert, who resigned two years ago during a tumultuous time that included infighting and a board shakeup, is again the subject of controversy over his $7.8 million pay package . The package included $2.4 million in severance, about $639,000 in salary for seven months, deferred bonuses and contributions to a retirement plan that instantly vested when he left. By the way, Mr Notebeart did not actually go into retirement after he received this largess, A spokeswoman for Temple University, where Notebaert now heads the health system, said he was not available for comment.
bailout package, the term “golden parachute” has been bandied about quite a bit. Most folks know it has something to do with executive compensation – but what the heck is it? A golden parachute is an agreement between a company and an employee that allows for compensation and benefits at the employee’s termination, usually when control of the company changes. Since most companies aren’t eager to extend benefits to employees like you and I on termination, the term really applies to executives – they’re the ones with leverage to make these kinds of ... Read More
SURVEY RESULTS FOR
GOLDEN PARACHUTE RULES
Senate Session 2010-04-12 (14:49:43-15 ...
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