OTHER NEWS - March 1, 1995
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Gillette Chairman to Get Bonus for Delaying Retirement: Chairman and Chief Executive Alfred Zeien will receive $500,000 and 75,000 shares in stock options for agreeing to stay on as top executive for one more year. Gillette Co.’s board requested that Zeien, who just turned 65, stay on past the company’s normal retirement age until March 1, 1996, according to a proxy statement filed with the Securities and Exchange Commission. Zeien is credited with helping to build the Boston-based firm into one of the nation’s strongest consumer products companies.
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