Digest CEO gets $500K
There is no golden parachute at Reader’s Digest Association.
Tom Williams was ousted as the CEO of RDA Holding Co. only five months after a new board forced Mary Berner from the job in April, and he is walking away with “only” a $500,000 severance package.
It will be doled out over a six month period, according to a recently filed Securities and Exchange Commission document.
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