ARRIVING and LEAVING

Jan 26, 2013 (Star Tribune (Minneapolis) – McClatchy-Tribune Information Services via COMTEX News Network) — When the dust settles on Supervalu Inc.’s $3.3 billion deal with Cerberus Capital Management, the embattled grocer’s chief executive will exit with $12.8 million for about eight months of work.

Wayne Sales’ “golden parachute” was disclosed Friday in a federal securities filing in connection with the deal announced earlier this month. Cerberus is buying Supervalu’s four largest supermarket chains, and it plans to purchase up to 30 percent of Supervalu’s stock at $4 a share.

Sales was hired last July when former CEO Craig Herkert was terminated abruptly. Sales will leave the Eden Prairie-based company after the Cerberus deal closes, which is expected before March 31.

Read the entire (short) article here.  I don’t know which of them I would ignore bleeding by the side of the road.  Well, both obviously, but I mean which one first.