TV News LIES

Saturday, Apr 30th

Last update05:20:13 AM GMT

You are here News Economy Wachovia execs may get $98.1 million severance

Wachovia execs may get $98.1 million severance

E-mail Print PDF

Wachovia Corp (NYSE:WB), which lost $33 billion in the last two quarters, said 10 top executives may be entitled to $98.1 million in severance pay after the bank is acquired by Wells Fargo & Co (NYSE:WFC).

Wachovia also said a closing would entitle its 11 executive officers, who include Steel, as well as Chairman Lanty Smith to $2.5 million in equity-based awards under existing stock incentive plans. But the executives' stock options are worthless, the bank said.

More...


Most Recent Related Stories...


SunEdison files for Chapter 11 bankruptcy protection

SunEdison files for bankruptsyU.S. solar energy company SunEdison Inc (SUNE.N) filed for Chapter 11 bankruptcy protection on Thursday, becoming...

U.S. regulators fail 'living wills' at five of eight big banks

5 big banks fail regulation testFive out of eight of the biggest U.S. banks do not have credible plans for winding...

US corporations have $1.4tn hidden in tax havens, claims Oxfam report

US corporations hide 1.4t in tax havensUS corporate giants such as Apple, Walmart and General Electric have stashed $1.4tn (£980bn) in tax...

Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage probe

Goldman SachsGoldman Sachs Group Inc (GS.N) has agreed to pay $5.06 billion to settle claims that it...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!