RUMOR MILL
Wednesday, June 15, 2011
Edgar's golden parachute
GERONIMO! Edgar Bronfman is set for a $21.7 million payday—including a $16.8 million "golden parachute"—as a result of the company's pending $3.3 billion sale to Len Blavatnik, the N.Y. Post reports. The parachute consists of unvested stock options and restricted stock valued at $3.3 million and $13.6 million, respectively, which will vest as a result of the proposed sale. Bronfman will also pocket $4.88 million in vested stock options, which, along with the $3.3 million in unvested options, will net him $8.1 million in stock-option pay. Whoa. On July 6, shareholders will vote on Bronfman's $16.8 million parachute and a similar $10 million payout to Lyor Cohen. (6/15a)
STAGECOACH: THE FINAL DESERT EXCURSION
Our weary travelers reflect on their adventure. (4/30a)
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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BILLIE'S BACK WITH BIG WORLD TOURrumor mail
