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Avon Will Triple McCoy Payout on Exit After Change of Control

AVP  JNJ  

Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - April 10, 07:06PM from (www.bloomberg.com)

Avon Products Inc. (AVP)’s new Chief Executive Officer Sherilyn McCoy stands to gain three times her salary and target bonus, rather than two times under normal severance conditions, if she leaves after a change of control.
McCoy, 53, who is set to join Avon on April 23 following the ouster of forme...


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