The drain of top talent from foundering Unisys Corp is becoming so serious and embarrassing that the company has had to start a bonus programme to try to prevent any more leaving the company: the company says in the proxy statement for its annual shareholders meeting on April 25 that the retention incentive awards were added to regular bonus programmes after the resignations, and that it paid $480,000 this month to 84 executives who made significant contributions toward the 1990 debt-reduction goals of Unisys and who will continue to work toward the 1991 debt-reduction goals – but the company managed to cut its debt last year by only 6% to a still-daunting $3,730m of very lowly-rated paper.
