Navistar's exit package for ex-CEO Ustian begins at $7.9 million - Illinois Review

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Thursday, August 30, 2012

Navistar's exit package for ex-CEO Ustian begins at $7.9 million

Former Navistar International Corp. CEO Daniel Ustian will get a severance payment of $7.9 million, according to the company's proxy statement, which says stock options and other payments will net him millions more.

The most recent proxy values Mr. Ustian's package at $14.6 million, contingent on a share price of $42.07 on Oct. 31, 2011, the end of the company's fiscal year. More HERE

Thursday, August 30, 2012 at 06:15 PM | Permalink

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