DEPARTING senior executives from Chapters Inc. collected hefty sums as part of their "golden handshakes" when Indigo Books & Music took over the company in the spring, according to the company's report for its annual meeting with shareholders.

It said that Larry Stephenson, former chairman and CEO of Chapters, received a total of more than CAN $1.2 million, including CAN$855,750 in termination pay, over CAN$105,000 as a bonus and another CAN$287,500 as a salary payment.

However the fattest ex-Chapters cat was Glen Murphy, ...

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