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Monday, September 26, 2005

TRUSTEES ASK
THE DARNDEST THINGS



Ladner said the document was legitimately created by the five-member compensation committee and signed by himself and then-board chair William I. Jacobs. Jacobs described the contract to the full board and said trustees could see it if they wanted to, according to Ladner.





"What? A second contract…? Oh yes. Yes. The second contract. Let me describe it to you. It’s… on a piece of paper, 8 by 11... Not one of those long French sheets but, you know, a recognizable American-style white piece of paper… What? Well, hell, all you had to do was ask to see the thing if you were so curious..."
Posted at: 9/26/2005 09:46:00 AM