Vice President of VMware will be paid without the work
I have heard companies during recession ask CXO to work without pay. Here the case is bit different “Pay without work” Rashmi Garde, who departed from her role as Vice President and General Counsel on September 22, 2009 will receive biweekly salary continuation payments through September 22, 2010 or such earlier date that she commences employment elsewhere.
It is always interesting to read the 8-K specially the Item5.02. The same information is available under http://sec.gov/Archives/edgar/data/1124610/000119312509209207/d8k.htm.
Categories: EXPENSES OF A CXO