Grubman resigns!

Doug Henwood dhenwood at panix.com
Thu Aug 15 20:14:24 PDT 2002


Carl Remick wrote:


>>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."

Damn, it wasn't there when I checked it! I'd never have omitted a detail like that. Truly there's no success like failure.

Doug



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