Beatrice disclosed its ‘golden parachute’ plan.

The giant food conglomerate reported that it granted “golden parachutes” to 60 of its top executives. The firm said the pay-and-benefits packages were granted as part of a pending plan to convert the public company into a privately held concern in a transaction valued at $6.2 billion. The Chicago-based firm said it had promised to pay its six most senior executives a total of $23.5 million on Feb. 26, when the deal is scheduled to close. At the closing, the six executives’ existing employment contracts and benefits will be terminated.