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Non-Tech : Tyco International Limited (TYC)
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To: shoe who wrote (3631)1/30/2003 3:49:16 PM
From: Howard Salwen   of 3770
 
$200M is definitely a lot of money. I didn't look at the amount. I would think that the top bonus for a Gen'l M'g'r of one of the TYC operations would be around $250k (per year). Lower level managers might get $50k each. That means that each division might accumulate $1M or less. Could this be replicated 200 times for 200 operating divisions??

The only conclusion is that some people got $1M+ bonuses. That happens on Wall Street, but, not in the businesses that I know.
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