Originally Posted by
Scoop
Obviously memory does not serve any of us well, me included. When I think back to C2000 and the post 9/11 days, it all kind of blends together. One thing I do remember is that Leo and Fred were idiots lacking in ethics.
Anyone else remember BK-proof retirements and retention bonus for the worthy few. Retention bonuses by the way, paid to execs who left anyway.
Scoop
Yup, they were called SERP's; Special Executive Retirement Plans, and Leo, who had worked here only 5 years, was credited with an additional 20 years, so he could get a 25 year, Bankruptcy Proof, SERP.
When ever I fly over Nantucket on my way to Europe, I go back to the lav and pee in the sink, so it will rain down on Leo.
