Bayer Wants $2M Back From Ex-CEO In ERISA Spat

By Tina Peng (May 13, 2009, 12:00 AM EDT) -- In an Employee Retirement Income Security Act suit lodged against Bayer Corp. by the former CEO and chairman of its Sterling Winthrop Inc. unit, Bayer has filed counterclaims alleging that it cut his retirement benefits by $70,000 a month to recoup $2.1 million in mistaken overpayments because the chairman made no attempt to repay them....

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