Conseco share price could boost CEO's pay

Article Abstract:

Conseco could award a $50 million bonus to Gary Wendt in Jun 2002, according to the firm's annual statement filed Apr 27, 2001. Wendt's employment contract with Conseco entitles him to that much if the average closing price of Conseco shares for the 20 trading days before Jul 2002 is at least $20. Wendt will get $8 million if the stock is trading below $10, and $20 million if it trades at $15 to $20. Wendt receives no salary for 2001 or 2002. He will get $1 million a year beginning in 2003.

Direct Life Insurance Carriers, Life Insurance

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PBGC plays part in steel reform

Article Abstract:

The Pension Benefit Guaranty Corp. (PBGC) has taken over Bethlehem Steel's retirement plan and has proposed to cut monthly pension of $2,520 by about $1,100. PBGC's takeover has played a major role in restructuring the industry as unions have been able to negotiate more flexible contracts while protecting some older workers and steelworkers are at a greater benefit than employees at many other troubled firms.

Contracts & orders received, Management dynamics, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, INSURANCE CARRIERS, Contracts & orders let, Management, Insurance industry, Contracts, Contract agreement, Company business management

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Employers taking fewer vacation days

Article Abstract:

The author examines the results of a recent employee survey conducted by Management Recruiters International. Topics include use of employee vacation, stress management, and U.S. economic conditions.

Unemployment, Vacations & Holidays, Personnel Supply Services, Employment Services, Labor Distribution by Employer, Statistics, Surveys, United States economic conditions, Stress management, Workers, Employment surveys, Employee vacations, Management Recruiters International Inc.

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