Disgusting
Rick Bowers
rwbowers
Thu Sep 20 11:18:46 PDT 2007
At 9/19/2007 10:32 PM, you wrote:
>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
Even worse. The way I read it, it's an annual increase of $50,000
PLUS an additional, discretionary, $50,000 bonus.
~Rick
>--
>Wrinkles should merely indicate where smiles have been.
> -- Mark Twain
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