Tuesday, November 03, 2009

Top talent

Wall Street Journal:

Reaching a milestone birthday also can enhance an executive's pension. Altria Group Inc. CEO Michael E. Szymanczyk's pension rose when he turned 60 last year, triggering a subsidy built into the pension formula, boosting its total value to $23.5 million.

In all fairness to Altria Group Inc., if companies didn't implement policies like these, it would be very hard to attract other top performers who observe birthday anniversaries.

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