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Here's a thought     15-Oct-09 09:09 am    
The execs have changed the change in control definition in their benefit recovery plan from a majority BOD shift to a shift in shareholder percentage. Their plan recoups all the benefits lost from the plan freeze a year ago plus a change in control increases their age, service and locks in vesting. It's pretty much a huge windfall for anyone who gets it. While I do think this is what the definition should have always been, why change it now? GY mgmt is notorious for watching their own back. Perhaps a buyout looms?
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Here's a thought
originaltof... Not rated 15-Oct-09 09:09 am  
 
I think the Company is smart to do this. As you sa...
cornfedgal1 Rate it 21-Oct-09 07:09 pm  
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GenCorp Inc. (GY)

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At 12:38PM ET: 6.98 Down 0.06 (0.85%)
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