Posted 8:36 AM

Silver threads and golden parachutes

Well, its easy to see why J.D.Edwards execs want to merge with PeopleSoft - ZDNet reports "Chief Executive Robert Dutkowsky agreed to take $650,000 at the close of the merger and $1.95 million at the end of a six-month transition period...He would also get payments to offset tax liabilities and acceleration of unvested options." That's not only a Golden Parachute, its a golden parachute with wings and four angels to help you land softly! Why do shareholders put up with this crap?