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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Dale Knipschield who wrote (2470)	8/16/2002 2:14:26 PM
From: Gottfried	Respond to of 25522

Knip, OT *** Grubman >Under terms of Grubman's departure agreement, he will receive $13.2 million -- $1.2 million in severance pay and $12 million the firm paid to buy out the current value of his stock and options, said a source familiar with the package. A $15 million loan given to Grubman in 1998 -- which now totals $19 million in principal and interest -- was forgiven, said the source, who spoke on condition of anonymity.<[snip] He's misunderstood ``While I regret that I, like many others, failed to predict the collapse of the telecommunications sector and I understand the disappointment and anger felt by investors as a result of that collapse, I am nevertheless proud of the work I, and the analysts who worked with me, did,'' Grubman wrote.< but he's got problems Grubman has been targeted by at least 40 consumer complaints and lawsuits, many of them related to the WorldCom collapse. Testifying before the House Financial Services Committee last month, said he had no idea that WorldCom executives hid billions in expenses from investors. bayarea.com

To: Dale Knipschield who wrote (2470)	8/16/2002 2:40:56 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

Has to settle for $32MM parachute THIS is exactly why I will never do business with any large brokerage house. He is getting a reward for unethical behavior and yet not one person raises their voice to the injustice. What value has he added to SSB for that money? Dragging its name through the mud? Brian