Company gave top executives 11th-hour parachutes worth millions
While the sale of International Family Entertainment Inc. may put 150 or so employes on the street with minimal severance, a group of senior executives is in for a more comfortable ride, coasting to earth via brand-new golden parachutes.
In the final days of negotiating to sell the company to News Corp.'s Fox Kids Worldwide venture, IFE granted four senior executives new employment agreements that would pay them $3.9 million-S5.7 million each if they were fired after the takeover.
The four beneficiaries: Chief Financial Officer Larry Dantzler, General Counsel Louis Isakoff, Family …
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