From mboxrd@z Thu Jan  1 00:00:00 1970
From: Matt <matt@proweb.co.uk>
Message-ID: <13468770977.20010814151735@proweb.co.uk>
To: 9fans@cse.psu.edu
MIME-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Subject: [9fans] Struggling Lucent : McGinn gets $5.5 million one-time payment
Date: Tue, 14 Aug 2001 15:17:35 +0100
Topicbox-Message-UUID: dbd0b5e4-eac9-11e9-9e20-41e7f4b1d025

http://www.theregister.co.uk/content/7/21002.html

Reuters reports that Lucent's quarterly filing with
the US Securities and Exchange Commission (SEC)
reveals that it gave McGinn a $5.5 million one-time
payment and took on loans of $4.3 million that he
had run up with two banks in exchange for the
repurchase of his stock options. McGinn already
has a pension plan from Lucent worth $1 million
a year, so its not as if he was going to go
short even without the severance package.