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Filing: Paycor takeover by Paychex complete, ex-execs collect millions in severance [USA TODAY]
Last paychex, inc. earnings: 3/25 08:15 am
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US:NASDAQ Investor Relations: investor.paychex.com
The New York human resources company the deal to acquire the smaller Norwood-based rival closed on Monday. Since the acquisition was first announced in January, Paycor officials on the ' hometown stadium. They also pledged to complete the move of their headquarters to Downtown, albeit as a Paychex subsidiary. As part of the takeover, Paycor's former CEO Raul Villar was eligible to collect a nearly $24.4 million “golden parachute” severance package, according to by Paycor with the . His status wasn't clear Wednesday, but two other senior executives were in line to collect hefty payouts: Alice Greene, Paycor's former chief legal officer, was eligible for nearly $5.7 million, including $640,000 in cash with the rest in stock and option benefits. Charles Mueller, Paycor's former chief revenue officer, stood to collect nearly $8.5 million, including $820,000 in cash with the rest from stock and options. Not all ex-Paycor execs got big paydays The estimated payment packages were
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