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Archive for the 'employment agreements' Tag

Paying more than necessary at Meredith…

Thursday, September 2nd, 2010

The publishing world buzzed at Meredith Corporation’s (MDP) August 2 announcement that John H. (Jack) Griffin, Jr., the President of its National Media Group, was leaving four days later “to pursue another opportunity.” News leaked – even before an official announcement was made – that Time Warner, Inc. (TWX) had tapped Griffin to become Time, [...]

Dollar Thrifty’s merger hits an operatic note…

Tuesday, August 24th, 2010

There were times when passages in the merger proxy that Dollar Thrifty Automotive Group, Inc. (DTG) filed August 17 read more like a libretto than an SEC filing. The classic operatic themes are there: money, multiple suitors, commitment issues, and surprising plot twists. In this particular drama, at least two suitors wooed Dollar Thrifty, including [...]

Leaving some wiggle room at United …

Tuesday, August 24th, 2010

When United Airlines (UAUA) and Continental (CAL) were rumored to be tying up, we took a look at the sweet change-in-control benefits that United executives stood to receive. After some brouhaha, it was announced that United’s chairman and chief executive, Glenn Tilton would forego big chunks of that, which got a little attention as well. [...]

A look at time, money, and Argo Group’s filings…

Thursday, August 19th, 2010

Friday the 13th may be unlucky for some, but it turned out well for Mark E. Watson III, the president/CEO of Argo Group International Holdings, Ltd. (AGII).  At 5:27 p.m. that day, Argo Group filed an 8-K to disclose its new employment agreement with Watson. The juiciest term is actually not in the 8-K itself, but [...]

Lorillard execs strike generous deals…

Tuesday, August 17th, 2010

While the changes in the executive ranks at Lorillard, Inc. (LO) were announced last week, we thought the company’s 8-K and its attachments deserved more attention than they got in articles such as this one. As a brief recap, Lorillard announced that CEO/President Martin Orlowsky will step down on September 13, 2010; a few months [...]