I wasn't really listening to the details of the story. I have the TV on in the background when I am on my computer. Apparently the CEO of Robert Mondavi is leaving. He had written in to his severance package that he gets to take with him 50 cases of wine with no more than 10 cases from a particular vintage. Further bulletins as events warrant.
Fred.
If I ran a brothel I would want the same deal.
"Richard Neidich" skrev i melding news:80I2d.5019$ snipped-for-privacy@newsread2.news.atl.earthlink.net...
Vintages '28 and '45 I suppose? ;-) Anders
From Reuters -
Robert Mondavi Corp. (MOND.O: Quote, Profile, Research) at the end of the month, he can take with him an unusually palatable severance payment -- up to 50 cases of the company's wine.
an officer and vice chairman of the company, which is considering selling its luxury wines business and focusing on mass market brands like Woodbridge.
executive and chairman since its founding in 1966, will remain a director.
50 cases of wine, but no more than 10 cases per vintage, for his private collection before Oct. 31, according to a regulatory filing made by the company on Friday. Robert Mondavi wines sell on its Web site for as much as $125 to even $200 per bottle for a reserve vintage.something from the office," said Charles Elson, director of the Weinberg Center for Corporate Governance at the University of Delaware.
it's not all that surprising.... It's not eye popping -- maybe cork popping."
executives. Mondavi will receive $1.5 million to be paid over 30 months, according to a regulatory filing with the Securities and Exchange Commission.
pay a cash bonus of $50,000 and issue 3,450 shares related to its management incentive compensation plan.
company's Giants baseball tickets at fair market value, is prevented from hiring employees from the winery until March 31, 2005.
Would you go for vintage stock?
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