Disgusting
Kurt Wall
kwall
Wed Sep 19 22:32:39 PDT 2007
SCO never ceases to amaze. The day before they file bankruptcy, they
inform the SEC, they gave their corporate counsel a raise. A nice raise.
A $50,000 raise:
Here's what they just filed with the SEC:
"Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers. On September 13, 2007, the Board of Directors (the
"Board") of The SCO Group, Inc. (the "Company"), approved an increase in
the base salary of Ryan E. Tibbitts. Mr. Tibbitts' base salary will be
increased from $160,000 per year to $210,000 per year, effective as of
September 3, 2007. In recognition of the significant contributions Mr.
Tibbitts has made to the Company, the Board also approved a
discretionary bonus of $50,000, net of taxes, to be paid to Mr.
Tibbitts (http://biz.yahoo.com/e/070919/scox8-k.html)."
I think we'd all like a raise in excess of 30%.
Kurt
--
Wrinkles should merely indicate where smiles have been.
-- Mark Twain
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