Article: Earthgrains CEO Says He'll Stay On to Run Division for Sara Lee.

By Jerri Stroud, St. Louis Post-Dispatch Knight Ridder/Tribune Business News

Jul. 14--Earthgrains Co. chief executive Barry H. Beracha says he won't exercise a "golden parachute" that could give him three times his average salary and bonus after Sara Lee Corp. completes its purchase of the St. Louis-based baking company.

Instead, Beracha will stay on to run Earthgrains as part of Sara Lee's bakery operations.

Beracha will get nearly $50 million from exercising stock options and selling the 717,914 shares of Earthgrains stock he owns outright. He spoke Friday at the company's annual meeting at the Missouri History Museum.

Earthgrains ...

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