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Budget offers `golden parachute' to 50 trial judges
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A slew of judges will get a special "golden parachute" if Gov.
Weld agrees to several budget initiatives, one of which allows them
to retire at age 55 with a $60,000 a year pension, more than six
times the average state worker's retirement.
The proposal is being sold by the judiciary as an effort to ease
some "burned out cases" off the bench. But the special treatment for
the judiciary is getting an angry reaction in some quarters on Beacon
Hill.
Rep. Kevin Blanchette (D-Lawrence), the chairman of the public
service committee, called the plan a "golden parachute" and an
affront to other state ...
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2 Parlux parachutes draw fire. (Ilia Lekach, Parlux Fragrances Inc. stockholder, protests golden parachute payments for 2 executives)
; ...Securities and Exchange Commission that golden parachute packages that total $1,575,000 for...not be reached for comment on the golden parachute issue, but Purches, in a statement...January, including discussion of their golden parachute packages. Lekach offered to buy the...
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Bonfield's golden parachute.
; Bonfield's golden parachute BT has rewritten the contract of Sir Peter Bonfield, its embattled chief executive, to grant him a golden parachute worth more than [pound]5m if it is taken over or merges. A termination clause in his recent contract...
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P-VH board okays 2 golden parachute plans. (Phillips-Van Heusen Corp.)
; P-VH Board Okays 2 Golden Parachute Plans NEW YORK (FNS) -- Phillips-V...its board had approved two golden parachute plans for top executives totaling...compensation benefits. The golden parachute amendments come about two weeks...
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Bonfield's golden parachute As investor pressure mounts, beleaguered BT chief negotiates pounds 5m pay-off clause in new contract
; ...embattled chief executive, to grant him a "golden parachute" worth more than pounds 5m if it is...July 2002. The terms of Bonfield's "golden parachute" will further outrage many investors...an independent entity. A pounds 5m golden parachute for Bonfield in the event of a takeover...
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TREASURY AND IRS ISSUE FINAL REGULATIONS FOR GOLDEN PARACHUTE PAYMENTS
; ...IRS issued final regulations for "golden parachute payments." Treasury and IRS also issued...stock options that are treated as golden parachute payments. Under the Internal Revenue Code, a company cannot deduct "excess" golden parachute payments, and an executive has to...
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A GIANT GOLDEN PARACHUTE IS HARD TO HIDE.(News)
; ...to pile up at the time of leave-taking - whether with a golden parachute or getting pushed from the plane. The firing of eight highly...bumper sticker of the period read: Impeach the Cox Sacker. A golden parachute can open up scrutiny of an organization used to operating...
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No golden parachute for financial bodies: SIPTU.
; ...country's largest trade union yesterday said there should be no golden parachute for financial institutions. SIPTU President Jack O'Connor...of the proposals were keenly awaited. There should be no golden parachute for profligacy and financial institutions should be obliged...
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'Golden parachute' strikes again.(Commentary/Editorial)
; ...and find whoever is stupid enough to give you a contract for top dollar/benefits. Then you can stick it to them and walk away very smug (discretely, of course) and rich. The golden parachute strikes again.Must be America, or is it the world?
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Golden parachute payments.(tax treatment of highly compensated employee severance payments made in conjunction with business acquisitions)
; ...acquisitions is the application of the golden parachute rules of Sec. 280G. Golden parachute payments are severance payments to be...difficult and time-consuming tasks involving golden parachute payments is the determination and computation...
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MCCLURE GIVEN $145,000 `GOLDEN PARACHUTE'
; ...07-23-1994 MCCLURE GIVEN $145,000 `GOLDEN PARACHUTE' -- BCUA HEAD TO STEP DOWN IN JANUARY...benefit package one official called a "golden parachute." McClure will step down under the...Caliguire said. "But I don't think a golden parachute is appropriate when you're talking...
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