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Dow, DuPont CEOs to get $80 mln in "golden parachute" payouts

2016-03-03 18:22:54| Chemicals - Topix.net

DowDuPont, the entity to be created by the merger of DuPont with Dow Chemical Co, said the chief executives of the two companies would get a combined $80 million in "golden parachute" payments after DowDuPont splits into three. "Golden parachute" payments are contracts that give a top executive substantial benefits if the company is taken over and their employment is terminated as a result.

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