VeriFone a good call for its chief

CEO BERGERON, PARTNERS BOUGHT IT FROM HP IN '01

By Chris O'Brien
Mercury News

Earlier this month, VeriFone of San Jose rewarded Chairman and Chief Executive Douglas G. Bergeron with a lucrative, three-year contract extension that could be worth up to $63.4 million if the company meets a series of financial targets.

The pay package would be on top of $94.2 million that Bergeron has received in salary, bonus, dividends and stock sales since he and some partners paid $50 million back in 2001 to purchase a division of Hewlett-Packard that became VeriFone.

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