Banta Looks Toward Future

Donnelley will also offer severance benefits similar to Banta’s for 18 months, and will provide $3 million to fund a retention bonus pool for Banta workers needed through the transition, the Journal Sentinel reported.

The employees’ benefits in total paled in comparison to the golden parachute launched for Stephanie Streeter, Banta’s outgoing chairman, president and CEO. Streeter gets $6.6 million—three times her annual pay along with a bonus. Donnelley will pony up $4.5 million to cover Streeter’s tax liability, per the terms of her contract, the paper noted.