From mboxrd@z Thu Jan  1 00:00:00 1970
From: jmk@plan9.bell-labs.com
To: 9fans@cse.psu.edu
Subject: Re: [9fans] Struggling Lucent : McGinn gets $5.5 million one-time payment
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Message-Id: <20010814142716.59B5E19A68@mail.cse.psu.edu>
Date: Tue, 14 Aug 2001 10:27:14 -0400
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According to the Newark Star Ledger today ("...the embattled
telecommunications equipment maker..."), McGinn has 3 years to pay
back the $4.3M.

For those of you who missed it, Lucent managed to sell the executive
golf course at a profit a few weeks ago, just after it was completed.

On Tue Aug 14 10:17:21 EDT 2001, matt@proweb.co.uk wrote:
> 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.
>