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Aiken Standard in Aiken, South Carolina

27 Mar 2009

Page 7

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Mar 27, 2009

Page

7

South Financial Group settles suits over former CEO retirement

The South Financial Group agrees to pay 500000 to settle two shareholder lawsuits over Mack Whittle’s 18 million retirement package and his planned resignation once a judge signs off. Whittle will donate 250000 of retirement benefits to the settlement, with 300000 cash insured and 200000 in stock. An independent director will join the board as part of changes to governance aimed at ending litigation. The board says the terms protect shareholders while focusing on banking business. State News in Brief Greenville.

MENTIONED IN THIS ARTICLE

Greenville South Financial Group Mack Whittle Whittle Greenville News William W Billy” Wilkins Common Stock
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South Carolina Bill Bars Unemployment With Severance Pay

A Senate panel approved overhaul measures barring concurrent receiving of severance pay and unemployment benefits, treating severance as income to offset benefits. The plan reshapes the Employment Security Commission toward a governor led Workforce Department and shifts a federal training program accordingly.

MENTIONED IN THIS ARTICLE

Columbia South Carolina Senate Ryberg South Carolina Employment Security Commission Ted Halley Commission Halley Commerce Department Workforce Department
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Also Mentioned on This Page

John C.B. Smith Jr House Full Medical Affairs Committee S.C Greg Ryberg R-Aiken Senate Labor, Commerce and Industry Committee Aiken Aiken, S.C Aikenstandard Mark Sanford South Caroline Atcher Funeral Home Tomeraks Ed Hatcher Treye Sharpe Langley Clayton Homes Richland Avenue St Pia Ad NCE SCE Ona Zeropostale Rainbow Dillard Belk Aiken Mall Whiskey Road Richland Ave Gio BR RUGER Tikka iBenelli Remington Sam - Spm John Deere Derrick Equipment, Inc Old Wagener Rd Kendall Rd Newberry John Deere Dealer
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