11/17/2003
Investing in CEOs
Thank you Florida teachers! Thanks to your pension fund contributions Chris Whittle is a rich man.
$4.2-million for his shares, remaining CEO with an increase in pay from $345,000 to more than $600,000, keeping 3.7 percent of the company with an option to sell it back for up to $17-million, more time to pay off $10.4-million in existing loans from Edison and $1.7-million more in loans.
$4.2-million for his shares, remaining CEO with an increase in pay from $345,000 to more than $600,000, keeping 3.7 percent of the company with an option to sell it back for up to $17-million, more time to pay off $10.4-million in existing loans from Edison and $1.7-million more in loans.
