Word: moberg
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Dates: during 2000-2009
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...time, the chairman of the world's third largest food retailer, scandal-tainted Netherlands-based Royal Ahold (whose U.S. chains include Giant Food and Stop & Shop), stepped down following national outrage over his failure to inform investors of the two-year, $6.8 million contract he gave new CEO Anders Moberg. The French government pressured Pierre Bilger, the ex-CEO of engineering giant Alstom, into returning a $4.6 million severance payment, and shareholders of Europe's largest drugmaker, London-based GlaxoSmithKline, rejected the $36.5 million payment CEO Jean Pierre Garnier would receive if he lost his job. "Everyone in Europe...