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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 222.55

-1.6%

3:59 PM EST

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To: GST who wrote (141535)	4/14/2002 10:09:50 AM
From: Glenn D. Rudolph	of 164684

"DETROIT -- Kmart Corp. has asked a federal bankruptcy judge to approve a $1.5 million annual base salary for chief executive and chairman James B. Adamson. The bankrupt retailer earlier proposed paying Mr. Adamson $1 million a year. But in its motion filed Friday night with U.S. Bankruptcy Court in Chicago, Kmart said Mr. Adamson's "wealth of experience in both retailing and restructurings" justified paying him the higher amount. Attorneys for Troy-based Kmart told Chief Bankruptcy Judge Susan Pierson Sonderby that they would present the revised proposal for Mr. Adamson's compensation on April 23 or April 24. In addition to the $1.5 million salary, the new proposal would give Mr. Adamson a bonus equal to 125% of his base salary upon Kmart's emergence from Chapter 11 bankruptcy. He could receive a smaller or larger bonus, depending on the achievement of performance goals." online.wsj.com I would like to know what it takes to get a job like this. Wealth of retailing experience and restucturing? Where are the results pray tell?

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