New York, NY, United States (4E) – H.J. Heinz Co. chief executive William Johnson may get over $ 200mn when he leaves whenever its brand-new owners take control of the ketchup machine.
Johnson might receive a $ 56mn “golden parachute” payout which involves bonus repayments plus alternative products when ever he chooses to stop, according to a regulatory filing by Heinz with all the Securities plus Exchange Commission (SEC) about Monday. Additionally, he might equally receive $ 57mn inside pension plus deferred compensation plus $ 99.7mn value of Heinz shares which he owns or controls.
The leave package might rank amidst the best 10 many profitable for a U.S. chief executive officer (CEO), based about a report last year by analysis plus advocacy fast Governance Metrics International. Just six CEOs left their post with packages valued at minimum $ 200mn, according to Governance Metrics.
In February, Warren Buffett’s Berkshire Hathaway plus Brazil’s 3G Capital private equity fast announced which they might take the organization private inside a $ 28bn deal.
Shareholders of the the Pittsburgh-based organization have yet to approved the deal. A spokesman for Heinz mentioned no choice has been prepared regarding the future of the 64-year-old Johnson inside the business about whether he’ll remain or leave.
Based about history, nevertheless, Johnson can be about his means out. In 2010, 3G changed Burger King’s existing CEO plus to place its own choose.
Category: Companies Information
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