Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Environment

Ethically Sound Golden Parachutes

September 23, 2013 | A version of this story appeared in Volume 91, Issue 38

“DuPont Adopts Poison Pill” states that “DuPont adopted a severance plan mandating that in the event of a change in control of the firm, top managers will get a lump sum payment of twice their annual salaries and bonuses should they be terminated. DuPont CEO Ellen J. Kullman will get three times her annual compensation” (C&EN, Aug. 19, page 14).

What about the janitors? And more apropos of the readers of this publication, what about the chemists? Rather than look out only for themselves, a more honorable and ethical course of action would be for DuPont to require that the dollar equivalent of these golden parachutes be placed in a fund to aid all employees whose jobs might be terminated as a result of a hostile takeover.

William M. Phillian
Woodland Park, N.J.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.