Pacific North West Capital Corporation-PFN on Alberta Message Board

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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta

PFN 7.340

+0.5%

Dec 19 4:00 PM EST

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To: koan who wrote (1356)	4/30/2000 2:22:00 AM
From: Brumell	Read Replies (1) of 2255

A friend posted this on another thread. It really is a classic and appeared in the Seattle Times. Makes you realize we're just talking nickels and dimes here...<ggg> __________________________________________________________ Ex-Mattel executive gets $40 million severance deal LOS ANGELES - Troubled toymaker Mattel disclosed yesterday it paid former Chief Executive Jill Barad a severance package exceeding $40 million. The payout, disclosed in the company's annual proxy statement filed with the Securities and Exchange Commission, comes as the company is bleeding red ink and its stock price hovers near historical lows. Mattel said it would pay Barad $26.4 million in cash - five times her base salary plus maximum bonuses - and forgive two loans totaling $7.2 million, including a $3 million mortgage. Mattel also is paying $3.3 million in state and federal assessments on those amounts. In addition, Mattel will pay Barad $709,000 a year for life in retirement benefits. The company also declared all of Barad's stock options to be fully vested, giving her 10.5 million shares. The 46-year-old Barad resigned from the company's top post in early February after a string of increasingly bad news that turned its profits into losses and pummeled its stock price.

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