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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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<p>[QUOTE="Anonymous, post: 3868204"]No. He got treated the same as any other executive with the type of contract they are given for their position. His severance was probably spelled out clearly before he officially accepted the job. If there was a golden parachute it was because he had to be offered incentive so that he would accept the risk of being a president for that part of this company instead of trying to market himself to others where he possible would have had more job security. Quit trying to make it look like people in his position have it so great compared to you in ways other than income. The truth of the matter is that for him to find a position equal to what he just lost will take up to 5 or 6 times as long as it would for us at our level. This could translate into over two years. If you do not believe me, ask a recruiter in the executive placement industry where I worked for some time. The buyout he got will be just as difficult for his family to stretch as it will be for ours in a similar situation. The only difference is, there are a lot fewer jobs at that level with more competition and he may never get one that is equivalent again.[/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 3868204"]No. He got treated the same as any other executive with the type of contract they are given for their position. His severance was probably spelled out clearly before he officially accepted the job. If there was a golden parachute it was because he had to be offered incentive so that he would accept the risk of being a president for that part of this company instead of trying to market himself to others where he possible would have had more job security. Quit trying to make it look like people in his position have it so great compared to you in ways other than income. The truth of the matter is that for him to find a position equal to what he just lost will take up to 5 or 6 times as long as it would for us at our level. This could translate into over two years. If you do not believe me, ask a recruiter in the executive placement industry where I worked for some time. The buyout he got will be just as difficult for his family to stretch as it will be for ours in a similar situation. The only difference is, there are a lot fewer jobs at that level with more competition and he may never get one that is equivalent again.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
PDI Shared
>
Pharmakon President gets canned
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
PDI Shared
>
Pharmakon President gets canned
>