Deals
Aerojet CEO Seeks $48 Million Deal to End Boardroom Fight With Chairman
- Drake’s proposal would also reconstitute company’s board
- CEO testifies in Delaware court that Lichtenstein bullied her
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Aerojet Rocketdyne Holdings Inc.’s chief executive officer has offered to end her boardroom battle and resign in exchange for a $48 million compensation package, according to people familiar with the matter.
CEO Eileen Drake submitted the proposal through her lawyers to Aerojet Chairman Warren Lichtenstein to put an end to their proxy fight, the people said, asking not to be identified because the matter is private.