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July 13, 2005
Disney-Ovitz revisited?
This sure sounds pretty darn similar to the corporate case of the decade:
[Stephen] Crawford, a former investment banker who was appointed co-president by Philip J. Purcell in March amid a power struggle, left the firm yesterday. . . Mr. Crawford's pay package is particularly unusual because he was co-president for only three months, yet he will take home a severance package that pays him [$32 million] as if he had been co-president for two years and allows his stock to vest - the executive-suite equivalent of hitting the lottery.
That's pretty good work if you can get it. ;^)
Posted by Tom at July 13, 2005 09:01 AM
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