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In addition to the exciting news reported yesterday about Dominos Pizza, Inc.’s (DPZ) impressive profits, the company also released information about deals with two top executives.
On March 8th, J. Patrick Doyle will replace David Brandon as President and CEO. And as Doyle’s employment agreement shows, (filed yesterday as an exhibit to Dominos’ annual report), [...]
It appears to have been a busy weekend in Denver, judging by this exhibit to an 8-K that Janus Capital Group (JNS) filed with the SEC yesterday.
On Sunday, Chief Executive Officer Gary Black’s employment with Janus was “terminated by mutual agreement.” And – based on the parting package that Black is getting – we would [...]
Yesterday, Sovereign Bancorp (SOV), a 750-branch bank focused on the Northeast corridor that’s had its share of troubles, announced a series of management changes, including the departure of its CEO, Joseph P. Campanelli by the end of the day. The release, as these sorts of things always do, noted that Campanelli was leaving to “pursue [...]
The Fannie/Freddie debacle provides many “teachable moments.” One of the classes we can sign up for is “what’s wrong with corporate employment contracts” – or what’s right with them, if you happen to be the executive who’s got one.
As Michelle noted yesterday, the feds said they wouldn’t try to recover compensation from departing Fannie CEO Dan Mudd [...]
This week Novell Inc. (NOVL) and other distributors of Linux-based software announced a venture with IBM to offer PCs that will be, as the press release puts it, “Microsoft-free.” You gotta kinda like that.
But you don’t gotta kinda like the severance contract Novell filed Wednesday for former executive Thomas Francese, whose pending departure was announced [...]
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