Cadbury CEO to reap $19M on takeover

[The Straight Story]

Cadbury CEO to reap $19M on takeover


LONDON, Jan. 21 (UPI) -- A British newspaper said Cadbury Chief Executive Officer Todd Stitzer will earn $19 million when Kraft Foods Inc. buys the company.

Stitzer will earn a year's salary of $1.6 million plus a bonus of $3.2 million and will also be able to sell shares worth about $14 million, The Daily Mail said.

On top of this, Stitzer owns $8.9 million in company shares, the newspaper said.

The Mail said he will likely be asked to leave his job when Kraft takes over, making him statistically equal to others whose jobs will be redundant after the merger.

http://www.upi.com/Business_News/2010/01/21/Cadbury-CEO-to-reap-19M-on-takeover/UPI-24861264107474/

[enlightenment]

1. "Statistically equal"

to the factory line workers at the Bournville facility.

That's rich. But not very sweet.

:(