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Microcap & Penny Stocks : Coram (CRH)--has the turnaround begun

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To: leigh aulper who wrote ()12/19/1997 12:51:00 PM
From: leigh aulper  Read Replies (1) of 85
 
A vote of confidence

Coram Healthcare Announces CEO To Receive 1998 Base Compensation In Coram Common Stock

DENVER, Dec. 19 /PRNewswire/ -- Coram Healthcare (NYSE: CRH) announced today that Chairman and Chief Executive Officer, Donald J. Amaral, at his request, will receive his 1998 net base salary in shares of Common Stock of the Company. The shares will be valued at the time the compensation is paid based upon the lesser of the closing price of the stock or the average closing price for the prior 30 days.

Mr. Amaral stated, "I made this gesture to demonstrate my belief in our Company and its management team." Stephen G. Pagliuca, a member of the Compensation Committee of Coram's Board, stated, "This is the kind of leadership that we have come to expect from Don. We were very pleased to approve his offer to receive his base salary in Coram stock."
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