Heinz CEO entitled to $56 million golden parachute Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 3:46 pm, Monday, March 4, 2013 NEW YORK (AP) — Heinz CEO William Johnson is entitled to a golden parachute worth $56 million if he's fired by the company's new owners. Johnson is also entitled to a payout of $99.7 million in vested stock and $57 million in deferred compensation benefits that he accrued over his 30-year career with Heinz.

Sections:  news   business   
RELATED ARTICLES
  • Bill Gates repeats at top of Forbes' list of billionaires
    World's richest man got richer with $79. billion in 2015. More
  • US medicine spending shows rare dip
    Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
  • US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • YouTube Claims Victory Over TV - Battle Won With One Billion Visitors Per Month
    With more than one billion unique visitors every month, YouTube asserted last night that the battle between television and the online video giant is over. YouTube claimed victory with six billion views per month. According to the Wall Street Journal, which cited Mark Mahaney's estimates, a stock analyst at RBC Capital Markets,  that YouTube generated about $4 billion in revenue in 2012, up from $2.5 billion in 2011. More
BING NEWS:
  • Heinz CEO Entitled To $56 Million Golden Parachute If Fired
    Manufacturers of a wide array of condiments including the world famous ketchup Heinz was acquired by Warren Buffet’s Bershire Hathaway and 3G Capital for $23.3 billion last month. 3G Capital is ...
    03/8/2013 - 2:53 am | View Link
  • $56 million golden parachute awaits Heinz CEO, if fired
    Heinz CEO William Johnson is entitled to a $56 million golden parachute if he's fired by the company's new owners. The deal lets him walk away with $40 million at any time if he chooses. He would get ...
    03/5/2013 - 7:08 am | View Link
  • Heinz CEO Entitled To Hefty Exit Package
    Now we're learning what the deal means for Heinz's CEO, William Johnson. Filings with the Securities and Exchange Commission show if he is fired when the new owners take over, he will walk away with a ...
    03/5/2013 - 6:11 am | View Link
  • Heinz CEO to receive $56 million golden parachute if fired by new owners
    Among the several expenses the new ketchup owner will have to deal with is the $56 million golden parachute Heinz's current CEO, William Johnson, will be entitled to if he's fired. According to CS ...
    03/5/2013 - 4:52 am | View Link
  • Heinz CEO entitled to $56 million golden parachute
    Heinz CEO William Johnson is entitled to a golden parachute worth $56 million if he's fired by the company's new owners.Warren Buffet's Berkshire Hathaway and 3G Capital announced last month they were ...
    03/5/2013 - 3:43 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News