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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?


To: Sr K who wrote (3347)6/4/2002 1:28:30 AM
From: Sr K  Respond to of 3770
 
New York Times, June 4, 2002:
A Prime Example of Anything-Goes Executive Pay
By DAVID LEONHARDT

"During negotiations last weekend, Mr. Kozlowski agreed to resign. As a result, he is not eligible for a severance package that could have exceeded $100 million, the company said. Tyco's directors will negotiate a new severance deal with him.

Over the last three years, the board paid Mr. Kozlowski $19 million in cash and perks and almost $80 million in stock, according to company filings."