Pacts protect FBI officials

Thomas, Larry
July 2007
Furniture/Today;7/2/2007, Vol. 31 Issue 42, p1
Trade Publication
The article reports on the signing by two Furniture Brands International (FBI) executives of change in control agreements in St. Louis, Missouri. FBI said that the agreements signed by senior vice president and general counsel Lynn Chipperfield and president of Thomasville Furniture Industries Nancy Webster state that both will receive one-and-a-half times their annual salary and expected bonuses, when terminated due to sale or takeover, and a supplemental retirement plan.


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