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Robert Hanson's Haul

The Levi Strauss & Co. global president will be leaving the company with far more than an impressive résumé and happy memories.

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HANSON’S HAUL: Whatever the circumstances of his departure as global president of Levi Strauss & Co.’s global Levi’s brand for a destination not yet known, Robert Hanson will be leaving the company with far more than an impressive résumé and happy memories. According to a regulatory filing by Levi’s with the Securities and Exchange Commission, Hanson, “in exchange for certain releases of claims and compliance with certain restrictive covenants,” will receive $2.29 million, payable in installments over 18 months, and a lump-sum payment of $600,000 payable 30 days after his resignation becomes effective Nov. 27. He’ll forfeit eligibility under the company’s annual incentive plan for the current year. Levi’s said in the SEC document that Chip Bergh, who moved from Procter & Gamble Co. to become president and chief executive officer of Levi’s on Sept. 1, will assume Hanson’s responsibilities “until a successor is selected.”