Who says you can't take it with you??

[Bob_Jelloneck]

http://seekingalpha.com/article/78004-newspaper-stocks-down-3x-more-than-ceo-pay

The pay of Robert E. Jelenic, the former CEO of Journal Register Co. (JRC), soared 333.2% to $6.3 million despite a 75.9% plunge in his company’s shares.

Mr. Jelenic is a special case in that his pay envelope was fattened by the $4.9 million severance payment he received last fall when he exited the company he ran for two decades. Since then, JRC has been booted off the New York Stock Exchange and its shares, which traded as high as $18.39 in 2006, now are 24 cents apiece on the Pink Sheet (JRCO.PK). The company also has warned that it may default this summer on the hefty debt it assumed on Mr. Jelenic’s watch.

I got mine, suckers. :D ;) :D

 

[Baron Scicluna]

"Mr. Jelenic’s severance payment from JRC, which happens to be equal to 52% of the company’s present $9.2 million market capitalization ..."

Loved this part. The guy's severance package is worth more than half what the company's worth.

 

[Ace]

I'd have left for half that.

 

[Ben_Hecht]

But . . . but . . . he was a genius!