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fiction, drummers tools, children, john craven, weigh, live jazz, email, restaurant, office software, hawtin, garfield catalog, personal finance investing, the cat, comics & graphic novels, | corporate leaders, by contrast, may have been reimbursed for the professional advice to plan their retirement, arrange their estates -- or even negotiate their pay and benefit package. Former United Airline’s Chairman James Goodwin was paid an extra $47,000 to cover financial planning advice in his curiosities last two years on the job, but that sum pales against the $203,113 Cendant’s Silverman received to compensate him for legal fees incurred while he was wrangling with the company over curiosities his employment curiosities agreement.The actual fees, by the way, were somewhat less than $200,000 -- Cendant “grossed up” the amount, making sure that Silverman had enough money to pay the taxes incurred on this particular perk. |
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Companies paid the office software premiums for enormous policies that ultimately benefited the executives’ heirs. Cendant, for example, paid about $4 million a year for a $100 million policy on CEO Henry R. Silverman.The Treasury Department pulled the punch bowl on the split-life party office software when it nixed some of the more lucrative tax benefits from these arrangements. But many companies were still making huge payments last year as they shut down the arrangements or looked for alternatives. Cendant, for example, coughed up $4.6 million in 2003 for Silverman’s policy.Free advice. The sum total of your retirement plan education may have office software been an hourlong seminar about your 401(k) choices -- or just a colorful brochure with lots of pie charts.Your |
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