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Ruby Tuesday, Inc. Message Board

  • bsoren29 bsoren29 Jun 8, 2012 8:50 AM Flag

    Beall Departure

    Initially was suprised from the press release that Beall would also be leaving the Board of Directors...

    Now per the 8K it is learned that he is entitled to two years of severance pay. I had initially thought this was a retirement move as he is retirement eligible and has a very large payment due under the supplemental pension plan.

    Any thoughts on why he is receiving such a generous package - is his departure involuntary?

    As a current shareholder I hope the individuals from Becker Drapkin are fully engaged and involved in the transition as they have acquired their shares in a manner similar as other shareholders.

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    • I would guess that his employment contract has long called for 2 years severence. His departure doesnt surprise me, it was long overdue.

      Im sure that Becker Drapkin will play a big role going forward. But the fact that they havent been buying more and there has been insider selling is discouraging.

      They got the TUES CEO ousted with their first 13d the other day.

      Im thinking TUES has some time to go before the stock increases materially.

      A good CEO would help. But who is available ?

      And its going to take time to clean out Sandys yes-men or...women.

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