Saturday, July 7, 2007

Parting is such sweet sorrow, unless you're Uncle Van.

Weird science at CSC
But my favorite filing this week comes courtesy of Computer Sciences Corp. (NYSE: CSC), which is giving 62-year-old retiring chief executive Van Honeycutt what seems like a Jack Welch-sized going away present. Among the goodies:

• A lump sum cash payment of $11.16 million payable in January of 2008.
• A one-year consulting contract worth $500,000.
• Life insurance coverage through 2009.
• Health-care coverage through 2009.
• Personal security services through 2009.
• Office space, phone service, tech support, and secretarial support through 2009.


- The Motley Fool - Who's Filing Now