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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (14912)	5/12/2003 11:13:18 AM
From: John Koligman	Read Replies (1) \| Respond to of 17183

Yeah,even when they get 'fired', the typical 'employment agreement' for many of these CEO's seems to provide 'three years pay' as a starting cushion. That was what I read in IBM's proxy for Lou Gerstner when he was still around, and in several other corp proxies. As you say, these guys can't lose whichever way it goes for them.... Best regards, John PS - and have you read in recent articles what some employment contracts define as a 'terminable offense'??? In some cases the CEO has to commit a felony (I suppose not all that uncommon these days <ggg>) before he can be terminated for cause...