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Articles by Kate MacArthur

Kraft to Cut 1,600 Jobs in U.S., Canada

January 18, 2012
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The Northfield, Illinois-based company will reorganize its domestic sales team, consolidate its U.S. management centers and trim the corporate and business units.
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Archer Daniels Midland Announces Plan to Cut 1,000 Jobs

January 11, 2012
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The cutbacks represent 3 percent of the company's total workforce, according to a release issued Jan. 11.
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Ex-Sara Lee Executive to Land $2.5 Million in Leaving Firm

September 26, 2011
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According to the filing, C.J. Fraleigh will continue to receive a pro-rated amount of his most recent annual base salary of $597,000 through his termination date of Jan. 13, 2012. He also will receive severance of $2 million over 21 months, which is the equivalent of his annual salary plus 75 percent of his bonus target for fiscal 2012 ending June 30.
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