Technology Industry
Industry: Email Alert RSS FeedLeading edge.(Brief Article)
EDN, January, 2003
* Michael Capellas, chief executive officer of bankrupt WorldCom, who was head of Compaq until Hewlett-Packard acquired it, walked away from HP with more than $14.5 million in severance, according to a congressional study. * According to a new congressional study, more than half of paid US workers ages 25 to 64 have no retirement savings of any kind.
About a third work for employers that offer no retirement benefits. Only about 300% participate in traditional pension plans that provide guaranteed annual benefits for life. * US consumers spent $2.2 billion on online purchases for the week ending Dec 13, 2002, up 37% over the previous week, according to to comScore Media Metrix.
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