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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (11359)	4/6/2004 1:26:07 AM
From: ild	Respond to of 110194

The 'I Must Do a Merger' Bonus By SCOTT THURM Staff Reporter of THE WALL STREET JOURNAL April 6, 2004; Page C1 Want a bonus? Acquire a company. That's the unusual deal that directors of Juniper Networks Inc. gave to Chief Executive Scott Kriens. According to filings with the Securities and Exchange Commission, Mr. Kriens's bonus for this year is dependent on Juniper's "entry into new businesses by means of acquisitions." The board is serious: Without an acquisition, no Juniper executive will get a bonus, according to the filings. They don't need to worry. On Feb. 9, Juniper, a Sunnyvale, Calif., maker of Internet-switching gear, said it plans to acquire security-technology specialist Netscreen Technologies Inc., also of Sunnyvale, for $3.6 billion in stock. Completing the Netscreen deal, expected later this month, will satisfy the acquisition requirement, the filings say. More at the link online.wsj.com