Home > Views > Blogs > Market Movers > More Eye-Popping Executive Compensation
EMAIL
PRINT
RSS
SHARE
TEXT SIZE:
SHARE
Send a copy to me

Separate multiple email addresses (max 20) with commas.

0/1500

Main
Hedge Fund Managers Aren't Hated For...   Apple Needs Principles
Apr 27 2007 5:56PM EDT

More Eye-Popping Executive Compensation

Here's one for the executive-compensation annals. I know you're getting bored of the subject, but bear with me here. This time, the company is Rocky Mountain Fudge, and the easily-overlooked SEC filing is its 8K, filed on April 16. The president and CEO who's resigning "for personal reasons" is Ronald Moulton. But he's not exactly retiring: he's staying on as a "consultant". You want the juicy details?

Ronald Moulton’s agreement is for a term of three years and will be automatically renewed for an additional three years, unless otherwise terminated by Mr. Moulton or the company by giving 15 days written notice prior to the renewal date. Mr. Moulton will provide consulting services related to the production and marketing of our products and will act as an advisor to our management. Mr. Moulton will be compensated at the rate of $20.00 per hour for his services and be reimbursed for expenses related to his services.

Yep, you read that right. $20 per hour. That and a gold star from Michelle Leder.

See more in

Loading...

Add Your Comment

Required fields are marked with an asterisk (*)
Add a comment

Recent Blog Posts

Archive

Previous
Dec
2008
Next


Also in Portfolio.com
Most Read
Most Emailed
Recently Commented