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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.69+0.1%3:59 PM EST
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To: Glenn D. Rudolph who wrote (145619)8/17/2002 9:06:05 AM
From: Bob Kim  Read Replies (2) of 164684
 
Any thoughts why he was permitted to keep the bonus money when in fact that violates the contract?

Glenn,

It appears that for that clause to work, Citigroup would have had to fire him with cause. He and his company have never admitted they've done anything wrong.

In any case, Grubman's research product was approved, endorsed, and issued for public consumption by his firm so the firm is the responsible party.
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