Colgate Plans to Reduce Workforce by 4,400 Jobs
By THE ASSOCIATED PRESS Published: December 7, 2004
Filed at 7:26 p.m. ET
“NEW YORK (AP) -- Colgate-Palmolive Co., the consumer products giant behind brands like Ajax detergent and Irish Spring soap, plans to cut its worldwide work force by about 12 percent, or about 4,400 jobs, and close one-third of its factories as part of a four-year plan aimed at boosting its sales and profits. Its stock climbed nearly 8 percent.”
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View Financials
More from ReutersSignificant Developments - Highlights - Performance - Ratio Comparison

OFFICERS

Pay
Exercised
Reuben Mark, 65Chairman, Chief Exec. Officer
$ 10.40M
$ 131.00M
William Shanahan, 63Pres
$ 5.63M
$ 1.12M
Lois Juliber, 55Co-Vice Chairman
$ 2.39M
$ 42.00K
Javier Teruel, 53Co-Vice Chairman
$ 2.42M
$ 10.00K
Stephen Patrick, 54Chief Financial Officer
N/A
N/A


Dollar amounts are as of 31-Dec-03 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.

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In order words, the CEO received $32,136 for each worker to be laid off. That sounds about right. Each laid off worker will get a fucking tube of toothpaste.