SAIC CEO gets $920K parting gift

Company will pay Havenstein as part of retirement plan

When Walter Havenstein retires on Wednesday as CEO of Science Applications International Corp., the company will pay him $920,000, nearly a year’s pay, according to the Washington Post.

Stock options he received when he was hired will be 100 percent vested. Havenstein also has agreed to a provision that prevents him from going to work for any competitors of SAIC.

Havenstein announced his retirement in October. SAIC has hired John Jumper, a former Air Force chief of staff and an SAIC board member, as its new CEO. 

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