Angesichts des Rieseverlusts der Anleger und der unzähligen
Lucent-Mitarbeiter die gefeuert wurden darf das folgende
doch einfach nicht wahr sein:
Thursday February 14, 6:24 pm Eastern Time
Lucent's new CEO to get double chairman's 2001 pay
By Ben Klayman
CHICAGO, Feb 14 (Reuters) - Lucent Technologies Inc.(NYSE:LU - news), which recently hired Patricia Russo away from Eastman Kodak Co.(NYSE:EK - news), to revive its money-losing operations, said on Thursday it will pay its new chief executive more than double what it paid her predecessor last year.
§
Russo, a former Lucent executive brought back to the world's No. 1 telecommunications equipment maker on Jan. 7, will be paid a base salary of $1.2 million for at least the first two years of her five-year contract, according to documents Lucent filed with the U.S. Securities and Exchange Commission.
After that, Russo's salary will be reviewed annually by the board of the struggling Murray Hill, New Jersey-based company.
Including a $1.8 million bonus, Russo will earn $3 million in fiscal 2002, more than twice what Chairman Henry Schacht was paid in 2001. Schacht relinquished the CEO title to Russo.
She will not receive the bonus until the last quarter of the calendar year.
Schacht, who led the company's restructuring until Russo's return, was paid $1.21 million last year, including a base salary of just over $1 million.
Schacht, who is still Lucent's chairman, did not receive a bonus last year as the company slashed jobs, cut money-losing products and sold noncore assets in a bid to return to profits. The entire telecom sector has struggled with a slowdown in spending.
After fiscal 2002, Russo, 49, will be eligible for an annual bonus equal to 150 percent of her base salary, according to the SEC documents. If performance targets set the previous year are exceeded, the bonus could be larger.
Russo, who had been president and chief operating officer at Kodak, will receive about 4.7 million stock options and 1.55 million restricted stock units under various vesting terms, under various programs, according to SEC documents. Lucent's stock closed at $5.82 on Thursday, down 7 cents, much lower than its 52-week high of $15.24.
To repay Russo for compensation forfeited when she left Kodak, she received a 10-year option to buy 1.22 million shares of Lucent stock and 550,000 restricted stock units, according to SEC documents. She also received a 10-year option to buy 1.515 million shares of stock and 500,000 restricted stock units.
Under the company's annual program awards, Russo will receive a five-year option to buy 2 million Lucent shares and 500,000 restricted stock units, according to the SEC documents.
She also will be eligible to participate in all employee and welfare benefit plans and programs, and will be entitled to at least $740,000 in annual pension benefits and possibly more depending on length of stay, according to the filing.
Her benefits package also includes use of a company-owned or chartered aircraft for business and personal use, five weeks paid vacation annually and $800,000 for moving-related expenses including the purchase by Lucent of her house in Rochester, New York.
Lucent's former vice chairman, Ben Verwaayen, who in December was named chief executive of British fixed-line telecom giant and Lucent customer British Telecommunications Plc (quote from Yahoo! UK & Ireland: BT.L), received a buyout package, Lucent said in the filing.
Verwaayen, 50, left Lucent on Jan. 11 and was scheduled to receive a lump-sum payment of almost $5.9 million on Jan. 18, the SEC documents said.
He also will receive a pension benefit, choosing between annual payments of $675,000 starting at age 60 or $459,000 starting at age 55, according to the SEC documents. The payments will be offset by pension payouts from his pre-Lucent employer, Dutch telephone carrier KPN Telecom NV , and payments through the Dutch social security system.
Verwaayen had his outstanding unvested restricted Lucent stock units vested when he left, according to the SEC filing. How many shares he had unvested was not immediately available.
He also must either renegotiate or repay a loan Lucent made him when he was hired from KPN in 1997, according to SEC documents. He has 180 days from Jan. 11 to do so.
Email this story - Most-emailed articles - Most-viewed articles
Mann, dieses Drecksmanagement was sowas verbricht möchte ich nur noch abwatschen, jeden Tag eine inne Fresse.
Ich faß es nicht. Das kann doch einfach nicht unwidersprochen so über die Bühne gehen.
