| ADP and Division President Part |
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| Written by The Progressive Accountant | |||
| Tuesday, 31 August 2010 02:44 | |||
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ADP had made no official announcement of the change of jobs for Regina R. Lee, but confirmed she had taken on Langdon's former group. TheĀ 2009 annual report showed she was president of employer services-small business and at the end of 2010 she was president of employer services, small business and major account services. Major accounts are companies with about 50 to 999 employees each while small business accounts are those with fewer than 50 employees each Langdon, who joined the company in 2000 as VP of strategic development, served as president of tax, retirement and pre-employment services from 2003 to 2007. The divisional executive received a severance payment of $450,000 to be paid in 11 monthly installments, along with a bonus of yet-to-be-determined size based on his performance in fiscal 2010. | |||
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About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |