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http://tinyurl.com/3us2 [...] No. 1: Lucent execs Claiming the top spot for the second year in a row (see 2001 Top Ten: Fat Cats ), Lucent Technologies Inc. (NYSE: LU - message board) again demonstrated its ability to richly reward a chosen few while maintaining one of the industry's highest pink-slip percentages (see 2002 Top Ten: Pink Slips ). According to SEC filings, CEO Patricia Russo got a guaranteed $1.8 million bonus, in addition to a base salary of $1.2 million. She's also gathered millions in stock options and restricted stock shares (see Lucent Fat Cats Gorge in 2002 and Post-Bubble Arrogance ). Besides Russo, Lucent paid at least four other execs to stay on through Russo's transition (she started work in January 2002). As disclosed in Lucent's proxy statement in 2001, Robert C. Holder, COO, received a retention payment of $4.5 million; William T. O.Shea, executive vice president of corporate strategy and business development, got $3.08 million; Frank D'Amelio, executive vice president and CFO, received $3 million; and Richard Rawson, senior vice president and general counsel, got $2.31 million to stick with the company through April 2002. They also received full vesting of their current outstanding stock options and restricted stock units. Now, what's that ya said about a bubble? -- Mary Jander, Senior Editor, and staff of Light Reading _______________________________________________
