Burton Denies Moore Delistment Reports
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
Much criticism has been aimed at the $261⁄2 million severance payment given to former CEO Ed Tyler, replaced by Burton. Seeking to plug Moore's financial sieve, Burton implemented a $100 million U.S. cost-cutting plan that included cutting 1,300 jobs.
Moore is also facing a legal challenge from 5,300 employees in response to the company's plan to take a multimillion dollar surplus on its pension plan. The CP reported that the surplus, once worth in excess of $200 million, is currently valued at around $160 million due to a decline in its investments.
0 Comments
View Comments
- People:
- Burton
- Limited Moore
- Robert
- Places:
- Chicago
- Connecticut
Related Content
Comments