If you haven't had your fill yet of CBS ( NYSE: CBS ) and CNET ( NSDQ: CNET ), then check out their big 8-K getting down into the nitty gritty of the deal. In addition to the standard stuff (all poison pills have been denatured), it details how much the top execs at CNET stand to make by keeping their jobs, as opposed to getting forced out in a proxy battle.
-- Neil Ashe : "Mr. Ashe will be paid a salary of $750,000 per annum and will also be eligible to receive annual bonus compensation, with a target bonus of not less than 100% of Mr. Ashe's salary. Mr. Ashe will also be eligible to receive annual grants of long-term incentive compensation under the CBS long-term management incentive plan, with a target long-term incentive award and a grant date value equal to not less than $1,625,000 for each year of the amended and restated employment agreement. In addition, Mr. Ashe will be eligible to receive an award of stock options under CNET's 2004 Long-Term Management Incentive Plan, with a value of $1,625,000, following the close of business ten (10) trading days after the Merger ."
-- Zander Lurie : "Mr. Lurie will be paid a salary of $400,000 per annum and will also be eligible to receive annual bonus compensation, with a target bonus of not less than 50% of Mr. Lurie's salary. Mr. Lurie will also be eligible to receive annual grants of long-term incentive compensation under the CBS long-term management incentive plan, ...
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If you haven't had your fill yet of CBS ( NYSE: CBS ) and CNET ( NSDQ: CNET ), then check out their big 8-K getting down into the nitty gritty of the deal. In addition to the standard stuff (all poison pills have been denatured), it details how much the top execs at CNET stand to make by keeping their jobs, as opposed to getting forced out in a proxy battle.
-- Neil Ashe : "Mr. Ashe will be paid a salary of $750,000 per annum and will also be eligible to receive annual bonus compensation, with a target bonus of not less than 100% of Mr. Ashe's salary. Mr. Ashe will also be eligible to receive annual grants of long-term incentive compensation under the CBS long-term management incentive plan, with a target long-term incentive award and a grant date value equal to not less than $1,625,000 for each year of the amended and restated employment agreement. In addition, Mr. Ashe will be eligible to receive an award of stock options under CNET's 2004 Long-Term Management Incentive Plan, with a value of $1,625,000, following the close of business ten (10) trading days after the Merger ."
-- Zander Lurie : "Mr. Lurie will be paid a salary of $400,000 per annum and will also be eligible to receive annual bonus compensation, with a target bonus of not less than 50% of Mr. Lurie's salary. Mr. Lurie will also be eligible to receive annual grants of long-term incentive compensation under the CBS long-term management incentive plan, ...