As Layoffs Begin, Wyeth Execs Get $75 Million Severance Package
The top five executives at Wyeth will receive $75 million between them in the Pfizer acquisition, according to an analysis by Equilar , a corporate compensation consultancy.
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#1 Feb 12, 2009
Spouse employed by Wyeth ...ironic that our bailout money enabled the bank loans that helped finance the purchase by Pfizer that will likely cause her layoff. The Execs walk away with millions; the employees that 'earned it' for them get shown the door with little or nothing!'Employees First'....NOT!
#2 Jan 4, 2010
Are you truly shocked? That is how things are in America today, a handful of haves and a whole boat load of will never haves, clinging for dear life to the outside of the lifeboat hoping to make ends meet for one more day. Whenever they are giving you that employees first line, know that they are sitting back at their private country clubs, laughing into their 100 year old scotch at the idea that you actually believed them
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