Grubman Resigns, Gets Massive Severance
from the wait-just-a-second... dept
Jack Grubman, who is facing all sorts of scrutiny for his stock analysis over the past few years (with particular focus on his chummy relationship with Worldcom) was forced to resign. The more interesting part of the story, however, which isn’t getting as much attention (at this point) is the fact that this guy who misled investors for the last few years will walk away with $32.2 million in severance pay (on top of the many millions he’s made all along). Not many people get fired and handed a check for $32.2 million.