Tuesday, June 2, 2009

Not Sure Why Hans Becherer is Getting Director Stock Units, as of June 1, 2009. . . .


Or, "The Directors' Stock Plan That Just Keeps Giving, and Giving. . . and Giving. . ."

All the members of the Board of Directors of Schering-Plough just received additional Stock Units, effective June 1, 2009 (and diclosed this afternoon to the SEC, on various Forms 4). Hans Becherer's last day on the board was May 18, 2009. Yet he just received the very same Stock Units. His Form 4 also still lists him as a "Director". Take a look -- it is right under that link.

. . . .Hans Becherer -- Director -- Stock Units -- 06/01/2009 Acquisition 1,567.62 Common Shares -- Total Held: 23,536.08 Shares. . . .

[Cain v. Hassan, click at right.] I think I'll look into this a little more -- Mundy (who also retired) received them as well.

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