Tuesday, April 3, 2007

CEO's pay-off puzzles Wall St

(Reuters) - NEW YORK, April 2 - Wall Street has become so used to seeing corporate bosses walk out the door with fat severance deals that when one leaves with just his hat in his hand it leads many to start asking what happened.

So it was on Monday, when former Starwood Hotels Chief Executive Steven Heyer said he was exiting -- even though he had a year and a half left on a contract and a severance deal that could have been worth $9 million.


Read more at Reuters.com Business News

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