Tuesday, May 20, 2008

Visteon CEO to Receive $2.5 million Severance

Automotive News reports that Visteon's outgoing (outgoing - as in "don't let the door hit you in the ass on the way out") CEO, Michael Johnson, will be receiving a severance package amounting to $2.5 million. His total compensation last year was $8.9 million, so you know he needs the bucks. What kind of severance to we receive when we're laid off? Is it jack squat or diddly squat?
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