Lynn L. Elsenhans’ last day as chief executive of Sunoco was March 1st, but she remained its chairwoman until an annual meeting was held yesterday. Elsenhans stands to make a total of $37.4 million if and when the $5.3 billion deal with Energy Transfer Partners L.P. goes through. The sum includes a payment of more than $8 million that offsets a federal luxury tax on “excess parachute payments.” [Inquirer]
Be respectful of our online community and contribute to an engaging conversation. We reserve the right to ban impersonators and remove comments that contain personal attacks, threats, or profanity, or are flat-out offensive. By posting here, you are permitting Philadelphia magazine and Metro Corp. to edit and republish your comment in all media.