Darkbeer
03-09-2004, 09:59 PM
Eisner Vote Forces Disney to Catch-Up (http://www.nytimes.com/2004/03/10/business/media/10place.html?ex=1079586000&en=f3c12b788037c729&ei=5062&partner=GOOGLE) - New York Times, 3/9/04
QuikQuote: The Walt Disney Company and its lawyers are renegotiating the employment contract of Michael D. Eisner, the company's embattled chief executive, to allow him to retain a salary of $1 million even though he has resigned as chairman, according to two people close to the negotiations.
He is now entitled to a post-termination bonus of at least $6 million a year for two years as long as he does not accept another job, according to regulatory filings. His current arrangement provides that he will become a consultant when his contract ends and retain the same perquisites he had as chief executive.
QuikQuote: The Walt Disney Company and its lawyers are renegotiating the employment contract of Michael D. Eisner, the company's embattled chief executive, to allow him to retain a salary of $1 million even though he has resigned as chairman, according to two people close to the negotiations.
He is now entitled to a post-termination bonus of at least $6 million a year for two years as long as he does not accept another job, according to regulatory filings. His current arrangement provides that he will become a consultant when his contract ends and retain the same perquisites he had as chief executive.