Manufacturers of a wide array of condiments including the world famous ketchup Heinz was acquired by Warren Buffet’s Bershire Hathaway and 3G Capital for $23.3 billion last month. 3G Capital is notorious for making major budget cuts, and so William Johnson, Chairman, President and CEO of Heinz may be one of the cuts.
Oh, to be wise like Johnson! He has a line of financial plans that entitle him to a whopping total of $212.7 million, should he be fired. In addition to his golden parachute worth $56 million, Johnson would also walk away from the company with vested stock and deferred compensation benefits.
