BAE’s former US boss lands retention payment of £1.4m - despite retiring last month
BAE’s former US boss has landed a retention payment of £1.4m – despite retiring last month.
Linda Hudson, 63, had been given shares that would pay out three years later if she was still with the company.
Retention payment: This month Linda Hudson will collect 350,000 of shares despite technically retiring in February
This month she will collect 350,000 of those shares despite technically retiring in February.
But she is staying with the company on full pay until May in order to hand over to her successor Jerry DeMuro.
BAE said: ‘The company has acted responsibly to ensure an orderly transition that minimises any impact on the business at this critical time while fulfilling our contractual obligations.’
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