facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

Kraft CEO paid $6.8 million in 2012



Published: Sat, April 6, 2013 @ 12:00 a.m.

Kraft CEO paid $6.8 million in 2012

NEW YORK

Kraft Foods CEO Tony Vernon got a big pay bump last year after rising to the top spot as part of the company’s split with its global snack business.

Vernon was given a pay package worth $6.8 million in 2012, according to a filing made with the Securities and Exchange Commission on Friday. That’s up 49 percent from $4.6 million the previous year.

The 57-year-old executive had been serving as the head of the North American unit of Kraft’s predecessor company when CEO Irene Rosenfeld announced the split. The parent company took on the name Mondelez International Inc. and kept international brands such as Oreo and Cadbury. The other company held onto the Kraft name and North American grocery brands, such as Oscar Mayer and Miracle Whip.

Workers fired after kids denied lunch

ATTLEBORO, Mass.

A New York food service company says it has fired four employees after 25 students at a Massachusetts school were denied lunches this week because their prepaid accounts ran low.

Islandia-based Whitsons Culinary Group spokesman Todd Shapiro said Friday the company has “zero tolerance for any individual who leaves a child hungry.”

The lunch decision had outraged parents, who said some students at Coelho Middle School in Attleboro cried after being told they couldn’t eat.

Company officials said it was a violation of their policy and apologized. Marketing vice president Holly Van Seggern says the company will give free lunches to all Coelho students for three days next week and host a barbeque for students and families later.

Rich Products expands food recall

BUFFALO, N.Y.

Rich Products Corp. is now recalling all its frozen snack foods produced at its Waycross, Ga., plant.

The Buffalo, N.Y., company last week announced a voluntary recall of certain Farm Rich and Market Day products because of possible E. coli contamination. It has now expanded the recall.

The Centers for Disease Control said 27 people in 15 states have become ill with E. coli, and information points to Farm Rich products as one likely source.

The CDC said officials have identified the outbreak strain in two Farm Rich products — frozen Mini Pizza Slices and frozen chicken quesadillas — collected from the Texas and New York homes of two people who became ill.

The recalled products have “best by” dates from Jan. 1, 2013, to Sept. 29, 2014.

Associated Press


Comments

Use the comment form below to begin a discussion about this content.


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport