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Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

GMI Ratings: John Hammergren

John Hammergren: The drug distribution company disclosed in a regulatory filing Friday that Hammergren was entitled to a $159 million U.S. lump-sum payment for his pension, had he voluntarily left the company on March 31. The size of his pension was first reported by the Wall Street Journal on Tuesday, according to The Star. GMI Ratings, which tracks executive pay, said the 54-year-olds pension is more than double that of the next largest, $74 million for Rupert Murdoch, chairman and CEO of News Corp and McKessons Chairman and CEO John Hammergren has set a new record in corporate America: Largest pension around. Several compensation consultants say it is by far the largest pension for a current executive of a public company. (www.immigrantscanada.com). As reported in the news.