FlyerTalk Forums - View Single Post - Starwood CEO Heyer resigns as board loses confidence (merged thread)
Old Apr 2, 2007 | 2:43 pm
  #18  
bobo809
 
Join Date: Oct 2004
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Originally Posted by badjuju
That's what you get for devaluing points.
Plus he didn't get any severance package! Ouch!

Heyer leaves Starwood without severance pay, unusual for the head of such a large company. He will be paid $250,000, or the equivalent of one-fourth his annual 2007 salary, and a $2 million bonus for his 2006 work, but he forfeits all his stock options, unvested restricted stock units and unvested deferred 2007 bonus and salary, according to a company filing with regulators.
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