Tap that moneymaker.
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Warren Buffett’s Berkshire Hathaway and 3G Capital companies are joining forces to purchase Heinz. Current Heinz CEO William Johnson, who’s been in charge for the past fifteen years, is getting a pretty sweet deal: If he’s fired by the new owners, he’s entitled to a $56 million golden parachute, $57 million in deferred compensation benefits, and $99.7 million in vested stock. That’s financial lingo for a few yachts, a country home, and a new Ferrari. If Johnson decides to quit at anytime he chooses, he’ll take home $40 million. Pocket change. [Earlier, AP]
