Dow R. Wilson never has to work again in his life. The head of the American medical technology group Varian is withdrawing from his company with a proud $ 82 million. The money comes from good old Germany, from the competitor Siemens Healthineers. In the US they call it the “golden parachute” when a CEO cashes in on a takeover by another corporation. And because the Germans pay a total of 16 billion dollars for Varian, the parting gift, at just 0.5 percent of the sum, doesn’t even matter much. At least not with a purely economic view of things.
82 million dollars – that’s not even a record in the German statistics of overpriced takeovers. Vincent Volpe said goodbye