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To: Glenn D. Rudolph who wrote (145619)	8/16/2002 6:54:57 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Perhaps to avoid having him sitting around making them look worse while they wait for an iron clad basis for enforcing that provision?

To: Glenn D. Rudolph who wrote (145619)	8/16/2002 7:05:48 PM
From: H James Morris	Respond to of 164684

I don't know it might have been written in his employment contract. Employment contracts are a lot different now than the ones I used to use.

To: Glenn D. Rudolph who wrote (145619)	8/17/2002 9:06:05 AM
From: Bob Kim	Read Replies (2) \| Respond to 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.