Thread regarding Corinthian Colleges Inc. layoffs

How about Peter Waller's severance pay of $1.55 million lump-sum severance payment

How about Peter Waller's severance pay of $1.55 million lump-sum severance payment. See below

By Melissa Korn

Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Corinthian Colleges Inc. (COCO) said Tuesday that Chief Executive Peter Waller resigned at the request of the board of directors, a move that comes less than two years after he took over the troubled for-profit college operator.

Chairman Jack Massimino, who served as chief executive from November 2004 until July 2009, has taken over from Waller, the company said. Waller will receive a $1.55 million lump-sum severance payment.

Or Jack Massimino's current pay see below

Jack D. Massimino Profile - Forbes.com

Jack D. Massimino, age 61, is the Company?s Chairman of the Board and an executive officer of the Company. ... Salary $832,000.00 ... RSS Feed on Jack Massimino...

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