In his separation agreement with the company, Newman will receive $1.83 million in cash, among other payments and benefits, according to a filing with the Securities and Exchange Commission. Companies always say due to health so stocks don’t plummet and/or cover up. Get out now. Losing one CFO is a red flag.
https://www.cfobrew.com/stories/2024/05/07/ups-cfo-leaving-company-at-end-of-month#
That's quite a substantial severance package for Newman, which does raise questions about the circumstances surrounding his departure. While it's easy to speculate about corporate motives, it's crucial to consider how these changes at the top can signal broader issues within a company. For a deeper dive into how significant shifts in company leadership can impact employee relations and overall company health, check out our latest piece. It examines another major corporate shake-up that could lead to the biggest labor walkout since the 1950s. This is a must-read for anyone interested in understanding the potential ripple effects on stocks and employee morale.
https://helpfromhr.com/blog/ups-on-the-brink-the-biggest-labor-walkout-since-the-1950s
Although I agree....he looked in rough shape his last few calls.
One of the first things investors sniff around for when placing their bets.
Never a good sign when the captains of a ship bail out first. Captains know all the insider information concerning the future and financial health of company. Rare for anyone to leave when there is money galore to be passed around.