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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Jagfan who wrote (202548)11/14/2001 10:24:23 AM
From: Mr. Whist  Read Replies (2) | Respond to of 769670
 
So he only gets $20 million for messing up the company instead of $80 million? That's bad news. His wife may have to drive the one-year-old Rolls-Royce an extra year.



To: Jagfan who wrote (202548)11/14/2001 10:48:09 AM
From: willcousa  Respond to of 769670
 
$60.6 million is a mighty expensive Lay.



To: Jagfan who wrote (202548)11/14/2001 10:51:02 AM
From: Jagfan  Respond to of 769670
 
No, he is not taking any of the serverance.

Under the terms of his contract, Mr. Lay is entitled to payment of $20.2 million for every full calendar year left on his employment contract, in the event that his employment terminates within 60 days of a change in control. Thus, Mr. Lay is entitled to three full years of payments, or $60.6 million.


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