Tuesday, March 05, 2013

Heinz CEO Johnson Would Get $200 Million in Post-Berkshire Exit - Yahoo! Finance

Heinz CEO Johnson Would Get $200 Million in Post-Berkshire Exit - Yahoo! Finance:

"H.J. Heinz Co. (HNZ) Chief Executive Officer Bill Johnson could receive more than $200 million should he exit after Warren Buffett's Berkshire Hathaway Inc. (BRK/A) and Jorge Paulo Lemann's 3G Capital Inc. buy the ketchup maker.

Johnson, 64, would get "Golden Parachute Compensation" including $56 million in cash, equity, bonuses and other benefits, the Pittsburgh-based company said in a regulatory filing. Other shares under Johnson's control are worth almost $100 million, while his vested deferred compensation account totals $57 million."
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