It's all in an important clause, found in a U.S. Securities and Exchange Commission filing about Chairman and CEO Craig Dubow's contract. Please see my new comment, here.
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Friday, July 10, 2009
4 comments:
Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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Yes, terminate him and then fire 500 people to pay for it.
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Craig could bail on medical reasons and be entitled to a full exit package as if the company were taken over. Additionally, his executive health insurance plan might even compensate him on some sort of permanent medical disability provision should he be unable to return to work due to his condition.
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