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Hawaiian Electric Execs Could Get Big Payouts In NextEra Deal

  • January 11, 2015

www.civilbeat.com

Top executives during Hawaiian Electric Industries could get payouts totaling some-more than $17 million if a company’s partnership by Florida-based NextEra Energy goes through.

Known as “golden parachutes,” a remuneration packages are negotiated into practice contracts and paid out in a eventuality that an executive is consummated after a partnership or takeover.

HEI CEO Constance Lau would accept $10.6 million in money and other advantages if she is let go from a company, with or but cause, within dual years of a merger, according to her change-in-control agreement filed with a U.S. Securities and Exchange Commission. 

www.civilbeat.com

Article source: http://www.huffingtonpost.com/2015/01/11/hawaiian-electric-payouts_n_6452284.html?utm_hp_ref=hawaii&ir=Hawaii

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