MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 10, 2004 Pottruck Cashes Out David Pottruck may have been forced out at Charles Schwab in July, but he also left with $6.2 million in hand. The ousted former chief executive was given the lump sum payment on August 2, was also paid $166,666 for the months of August and September, and will be paid $135,714 for every month thereafter that he remains jobless, reported the LA Times on Tuesday. The golden parachute does have a deadline, however: Pottruck will only receive the payments until January 1, 2007. Printed from: MFWire.com/story.asp?s=8418 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |