Ex-Unum chief seeks more severance ($17M isn't enough)

[MaineDem]

The fired president and chief executive of UnumProvident, the nation's largest disability insurer, contends in a lawsuit that his $17 million severance and retirement package should be bigger.

J. Harold Chandler, who oversaw a $20 per share drop in stock value during four years as the Chattanooga-based company's top executive and left amid investigations of how it handled claims, wants another $3.4 million.

No hearing has been set on Chandler's lawsuit, which was filed July 15 in Hamilton County Chancery Court.

http://www.pressherald.com/business/stories/030724unum.shtml

Sheesh...!

[lcordero]

1. He was FIRED for a reason rather than allow to resign or laid off

17 million is more than generous. I hope the judge makes him give back the 17 million.

[Buns_of_Fire]

2. Silly boy

You only get the brass ring if you TOTALLY bankrupt the company. Didn't he read the fine print?