Dubow could collect $37 million
The board said Dubow, 56, had resigned “due to disability,” a circumstance that paves the way for him to collectas much as $37.1 million in retirement and disability benefits, company documents show. The benefits are worth considerably more than what he would get, $22.5 million, if he left in a traditional retirement.
The company’s stock was worth $72 a share when Dubow became CEO. But it plunged alongside other newspaper stocks, trading as low as $1.85 in March 2009 amid fears the company was headed for bankruptcy. It closed today at $10.45, down a penny.
Well, we should definitely reward his sterling leadership.
Also, I would totally accept a “traditional retirement” of $22 million. Just throwing that out there.