Looks like they just pulled the rip cord on their golden parachutes.
12 replies (most recent on top)
Sweetman $800K ++
Expose on DST's executive compensation in the SS&C sale
The Pitch is working on a story on DST. It's going to focus on the executive payout as a part of the sale of DST to SS&C (Steve Hooley will be paid $28 million in the 'golden parachute' portion of the contract, and many millions more in other provisions). They also want to focus on other recent situations (changes to employee benefits, layoffs, the Ruanne Cunniff profit sharing plan issue, maybe the split with the Argyros Group). Basically, I think it will be a story of the CEO who built this company retiring, and the CEO who replaced him milking the company and selling it off for huge personal gain. Anyway, the Pitch is looking to speak, either on or off the record, to as many current and former DST employees as possible. If you'd be willing to help with this story, please reach out to David Hudnall at david.hudnall@pitch.com.
By the way, if you are interested, here is the formal proxy statement concerning the DST sale. Pages 54 through 62 cover executive compensation:
https://www.sec.gov/Archives/edgar/data/714603/000114420418006367/tv484604_prem14a.htm
They were quick to update Dsts executive leadership online to to reflect that....geesh...
Good riddance V you lying POS
that was the first start in turning the company around
Goes along with, Directors meeting, 'Info session, Post Merger, equity, cash incentives, Severance Provisions option 1 of 3'.
SS&C is figuring it out!
Is this legit?
Have not received official email about this. I knew Beth through the company emails she sent from HR.
well sheeesh, just looked up their salaries, that should help out quite a bit. maybe only a handful of others will get the same.
wow, I'm shocked... they didn't lay off and old white guy? what is this world coming to, lol.
link please.
oh damn.........i mean "shucks"........