Verizon Communications give $18.5m pay off to "retiring" executive

The preliminary proxy statement filed by Verizon Communications ahead of their AGM on 6 May has revealed that the former President and Chief Operating Officer, Dennis Strigl, who retired from the company effective 31 December 2009, will receive a separation payment of some $18.5m, to be paid in July 2010.

The origin …… continue reading >>

Oz Minerals AGM promises fireworks

The advisory vote on the remuneration report at AGM of OZ Minerals on 11 June is expected to see a very significant protest vote following the AU$10m severance payment received by former Oxiana CEO, Owen Hegarty, during the year. The payment was made despite a majority of proxies lodged being voted against a …… continue reading >>

Chrysalis Director Payoffs

Chrysalis is no stranger to director payoff issues, as reported in the Daily Telegraph last year. This year’s annual report is equally revealing.  During 2008 Michael Connole received compensation for loss of office of £410,000, while Richard Huntingford received compensation for loss of office of …… continue reading >>

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