Click for Ann Arbor, Michigan Forecast
Friday August 26, 2016
Follow us: facebook twitter RSS feed
Print Comment E-mail

Act of faith?

 

continued

At first glance, it seems like a strong vote of confidence-but a closer look at Marshall's employment agreement filed with the Securities and Exchange Commission suggests he's hedged his bets. Marshall will receive a signing bonus of $250,000-more than twice what he'll need to buy the stock-plus up to $100,000 in moving expenses (he currently lives near Minneapolis). And while Jones had options to buy Borders stock at $17.56 a share, Marshall's options are priced at just 57. With the stock trading at around 62 a share in January, he's already a bit ahead. And Marshall's $750,000-a-year salary is very well protected: even if he, too, is booted or the company changes hands, he's guaranteed most of what he'd earn under the three-year agreement. It looks as though Borders's new leader is arriving with his golden parachute packed.    (end of article)

[Originally published in February, 2009.]

 

Bookmark and Share
previous  ·  1 l 2
all on one page
read more stories here -> Marketplace  l  Culture  l  Community  l  News
Ms. Green construction services
Link to view the Ann Arbor Observer 2016 Media Guide
top of the lamp. All your in home lighting needs.
Holiday Inn Ann Arbor. Comfortable Hotel, a home away from home.
Become of Fan of the Ann Arbor Observer on Facebook
Ann Arbor Summer Festival
American Association of University Women 64th annual book sale