Originally Posted by
bobo809
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.
Wow! Ouch is right. That sounds a lot like termination "for cause."
There is definitely more to this story.
Starwood Lurker, care to enlighten us? (Just kidding of course.
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