“They did everyone dirty,” said Kilby Baker, 70, a retired warehouse worker whose pension check was cut by about 25 percent after Marsh Supermarkets withdrew from the pension. “We all gave up wage increases so we could have a better pension. Then they just took it away from us.”
Only the executives’ plan, however, was fully funded under the sales agreement: With the completion of Sun’s purchase, Marsh’s top five executives were to be awarded $14 million in retirement payments, according to company financial documents. Among them: CEO Don Marsh at $7 million and corporate counsel P. Lawrence Butt at $2.2 million.
Politically, he may be best known for hosting the Boca Raton, Fla., dinner where presidential candidate Mitt Romney made what became infamous comments about the “47 percent of the people . who are dependent upon government, who believe that they are victims.”
https://www.washingtonpost.com/busi...1c0fe0c5b8f_story.html?utm_term=.407e0a371631
Only the executives’ plan, however, was fully funded under the sales agreement: With the completion of Sun’s purchase, Marsh’s top five executives were to be awarded $14 million in retirement payments, according to company financial documents. Among them: CEO Don Marsh at $7 million and corporate counsel P. Lawrence Butt at $2.2 million.
Politically, he may be best known for hosting the Boca Raton, Fla., dinner where presidential candidate Mitt Romney made what became infamous comments about the “47 percent of the people . who are dependent upon government, who believe that they are victims.”
https://www.washingtonpost.com/busi...1c0fe0c5b8f_story.html?utm_term=.407e0a371631