MacMillions for Stryker Separation (Walter Eisner @ OTW)
Stryker Corporation and ex-CEO Stephen MacMillan have agreed to terms of separation.
Ironically, terms of separation are what got the former Stryker boss into hot water in the first place, as some board members reportedly lost confidence in MacMillan over a marital separation. MacMillan's wife filed for divorce in a Michigan court in September.
In SEC papers filed at the end of February, the company reported that MacMillan will receive $5.5 million in a severance payout. In addition, MacMillan, whose resignation was treated as a "termina...
