Conway's Fall From Grace Softened By $20m Golden Parachute
News The former chief executive is also entitled to an accelerated vesting of stock options and stock awards. In addition, a "change in control" clause in his employment contract, which outlines what would happen if PeopleSoft were taken over, calls for...
[October 4, 2004, 9:50]
HP's New CEO Gets $5m For Signing Up
News Hurd would also benefit from continued health benefits, the vesting of all stock options and partial vesting of restricted stock. Incoming HP CEO Mark Hurd will get a $2m (£1.1m) signing bonus and a $1.4m salary for taking the helm at HP, but he...
[March 30, 2005, 13:25]
Palm Chief Executive Quits
News Under Yankowski's employment contract, he is entitled to receive a lump-sum severance payment equal to two times his salary, full vesting of any nonperformance-based restricted stock, and two years of vesting for any nonperformance-based options...
[November 9, 2001, 8:44]
Defined-Benefit Pension Plans: Current Problems And Future Challenges
White Papers That law specified minimum standards that pension plans must meet regarding participation, accrual of benefits, vesting, and funding. Lawmakers initially became concerned about workers' receipt of promised pension benefits after the failure of...
[June 24, 2005, 3:00]
PeopleSoft Expands Severance Packages
News PeopleSoft also recently accelerated the vesting of options for employees, if a change in control resulted. PeopleSoft has quadrupled the size of the minimum severance package for its employees and doubled it for executives, as Oracle's hostile bid...
[September 20, 2004, 12:10]
Dell: Show Me The Stock Options
News Under the company's executive stock plan, stock options were granted 23 March to key executives, giving them the choice to forego all or some of their bonus to get discounted options with a two-year vesting schedule.
[May 30, 2002, 7:31]
The Day Ahead: Corel Employees Take Fall For CEO's Blunders
News His vesting price is roughly $2 a share in US dollars. Corel cut 320 employees and some investors actually thought the company was headed in the right direction -- for about half the trading day Friday.
[June 12, 2000, 14:22]
Stock Options For Laid-off Amazon Employees
News Compensation executives said that high-tech companies occasionally make various allowances to stock option packages after letting employees go, such as accelerating the vesting cycle or extending the period after termination that the employee can...
[January 31, 2001, 10:50]
PeopleSoft Case Hears More Details On CEO Concerns
News When PeopleSoft announced Conway's departure last week, the board said it was not firing him "for cause", which allowed him to retain his multimillion severance package and accelerated vesting of stock options.
[October 4, 2004, 17:20]
Axed Siebel CEO Walks Away With $4.5m
News The company also said that it agreed to accelerate the vesting of 800,000 options and 200,000 restricted options when Lawrie left the company. Former Siebel Systems chief executive Michael Lawrie, ousted earlier in April after less than a year in...
[April 21, 2005, 17:45]
New Sun CEO Rakes In Rich Reward
News He'll get a $1m salary starting on 1 July, with an option for a bonus of another $1.5m; 2.1 million stock options vesting over five years; and 350,000 restricted shares awarded if performance criteria are met.
[April 28, 2006, 9:25]
Dell Cuts Bonuses And Reduces Management
News He also announced a shortening of the stock-vesting period and an adjustment of the annual bonus plan set "against realistic targets". Days after returning to the helm of the computer maker he founded, Michael Dell told employees in a memo that the...
[February 5, 2007, 9:17]
