They are paying his medical, dental and vision insurance for 2 years!
They are funding a $1 million life insurance policy for him!
They are going to buy his house in Sioux Falls if he can't sell it!
This was all reported in the Sioux Falls Argus Leader newspaper today.
The guy was on the board of directors when this company was run into the ground. It is my opinion that he neglected his fiduciary duties as a board member. He should not have been rewarded for trying to fix something that he was involved in when it got broken!!
Shame on you, new BOD! For God's sake, can't the man afford his own cell phone and internet after the money he has taken out of this company?
Now they can consider selling the company after steeling millions of shares filling br but now the won't more $$$ from its share holders my 5600 shares = $ 0.00 while the management get millions for f$$$ing share holders and the judge allowed it.