|
NEW YORK (AP) - Most workers just hope to keep their jobs when their companies are bought. But for some executives, those buyouts trigger multi-million-dollar payouts that should keep them rich for life.
Look at the potential takeaway for Toys R Us Inc.'s top brass: seven current executives will split $123 million if shareholders approve a pending buyout offer from a group of private investors. Officers at other companies, including May Department Stores Co. and Maytag Corp., could leave with sacks of cash, too.
Quite a deal, if you can get it. And many executives these days are, thanks to the booming merger market in corporate America.
|