Christian Science Monitor: What severance does the chief deserve when his board calls for "a change of leadership due to a loss of confidence?"

June 28, 2004 edition

By Laurent Belsie, Work & Money editor

What severance does the chief deserve when his board calls for "a change of leadership due to a loss of confidence?" For Philip Watts, former chairman of Royal Dutch/Shell, it comes to nearly $2 million, plus stock options and an annual pension. He resigned after Shell said it overstated oil reserves.

http://www.csmonitor.com/2004/0628/p14s04-wmgn.html