Here's why Southern Union (SUG +16.7%) might prefer Energy Transfer's (ETE -5.5%) $33/share bid...

|About: Southern Union Co. (SUG)|By:, SA News Editor

Here's why Southern Union (SUG +16.7%) might prefer Energy Transfer's (ETE -5.5%) $33/share bid over Williams' (WMB -2.3%) $39/share offer: Top executives would get a sweet deal from ETE. "Each man will get $3M/year for five years, with the obligation to work at most 40 hours/week the first year, 30 hours the second year, and 20 hours each year after that.”