(Reuters) - Richard Power, a former vice president and division chief financial officer, sued the company for breach of contract and about $9 million in severance pay in 2002.
Power, who reported to now-jailed chief executive Dennis Kozlowski, claimed that in a phone conversation, the two agreed, in the event of his termination, Power would receive severance pay equal to the greater of $1.5 million or twice his salary and bonus in his last year of employment.
Read more at Reuters.com Business News
Power, who reported to now-jailed chief executive Dennis Kozlowski, claimed that in a phone conversation, the two agreed, in the event of his termination, Power would receive severance pay equal to the greater of $1.5 million or twice his salary and bonus in his last year of employment.
Read more at Reuters.com Business News
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