Thread regarding DST Systems layoffs

70 Million 1,166 employees

Some are wondering how many will be let go before the merger. One only has to round up the total compensation for the 5 execs in the merger the number is around 70 million. Average pay is around 60,000 after averaging tenured and non tenured staff. 70 million divided by 60,000 is 1,166, so 1,166 employees will lose there job to feed the greedy 5. One has to ask themselves how much $ would it take to sell your soul.

Golden Parachutes Compensation

Stephen C. Hooley $28,167,675 ​ ​

Gregg Wm. Givens $7,276,456 ​ ​

Jonathan J. Boehm $8,186,934 ​ ​

Vercie L. Lark $7,443,925 ​ ​

Randall D. Young $6,669,169 ​ ​

performance for the year of termination.

Severance Payment ($)

Prorated Incentive

Stephen C. Hooley $6,375,000 ​

Gregg Wm. Givens $1,900,000 ​

Jonathan J. Boehm $1,960,000​

Vercie L. Lark $1,840,000 ​

Randall D. Young $2,790,000

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| 2811 views | | 2 replies (last March 9, 2018) | Reply
Post ID: @OP+RZE1nHZ

2 replies (most recent on top)

it's alot more than that. DST is also paying the tax on those severance payments. Execs get 2 years salary, 2 times the bonus, 3x their cobra expense, and up to 25k$ on outplacement services. And whatever else I'm missing. If an exec was expecting to grab a penny on the floor before the janitor got it, he's being paid that too, times 2 or 3.

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Post ID: @7qxr+RZE1nHZ

Big numbers indeed. What do they do with all that money?

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Post ID: @cxm+RZE1nHZ

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