Business

Philip Milne's big payday

April 1, 2009 at 12:43AM

The former CEO of troubled MoneyGram received more than $13 million after he stepped down last June. A breakdown of his severance package:

Salary: $2,054,167

Cash bonus: $7,453,650

Retirement benefits: $3,444,443*

Payment in lieu of other benefits: $149,231

*Payable over 10 years starting in 2014

Source: MoneyGram International Inc.

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