date:Mar 13, 2014
,500 each.
Johnsons package includes a $48.8 million payment tied to equity awards that were outstanding when the deal was completed. Heinz said last year Johnson could receive golden parachute compensation including $56 million in cash, equity, bonuses and other benefits.
Michael Mullen, a spokesman for Heinz, said the job cuts are part of a continuing plan to improve the company.
The difficult actions we are taking now will result in Heinz becoming a stronger and more nimble organization th