Wachovia execs due hefty severance pay (Moldova.org)

Ten top executives at North Carolina's Wachovia Corp. could receive nearly $100 million in severance pay if displaced by a Wells Fargo merger, records show.Several executives are keeping their jobs and won't take part in the $98.1 million golden parachute contracts stipulate, The Charlotte (N.C.) Observer reported Tuesday.Golden parachutes -- hefty severance packages given to executives when ...

More...
by Yahoo Parachute News