Grubman resigns!

Carl Remick carlremick at hotmail.com
Thu Aug 15 17:38:59 PDT 2002



>From: Doug Henwood <dhenwood at panix.com>
>
>[next: breakin' rocks in the hot sun?]
>
>Salomon's Grubman resigns
>By Shawn Langlois, CBS.MarketWatch.com

No, I think the next step, at least, for Grubman will be *basking* in the sun. This appears further on in that CBS MarketWatch story you cited:

"Grubman will receive $32.2 million in severance pay, including the forgiveness of $19 million in a loan he received from the company four years ago, according to a report by Bloomberg News. He will also receive $12 million in restricted stock and options, the report said."

Carl

_________________________________________________________________ MSN Photos is the easiest way to share and print your photos: http://photos.msn.com/support/worldwide.aspx



More information about the lbo-talk mailing list