Broadcom CEO McGregor Eligible for $67 Million Golden Parachute
Did Avago and Broadcom Have to Make a Deal?
This article is for subscribers only.
Broadcom Corp. Chief Executive Officer Scott McGregor could get at least $67.3 million if he’s terminated after Avago Technologies Ltd. acquires the company.
The payout would include $9.17 million in cash severance and $66,879 in benefit payments, according to Broadcom’s latest proxy statement. He also could receive more than 1 million shares valued at $58.1 million at the offer price of $54.50, according to data compiled by Bloomberg.