When I traded in my last GM car in 1998, I was glad to finally be rid of it. Ugh. A decade later, GM sits on the brink of bankruptcy. I’ve added General Motors Corp. contracts to the site, including many that involve the U.S. Department of the Treasury. Go TARP!
The Wealth Report reported that Chesapeake Energy’s CEO Aubrey McClendon recently unloaded a large portion of his wine collection ($2.225 million!) at auction. The top sellers came from Domaine de la Romanée-Conti, a brand Gary Vaynerchuk has yet to review. Anyways, $2 million sounds like a lot, but is really pocket change when compared to the $75 million incentive award provided in his December 2008 employment agreement with Chesapeake Energy.
Of course, the government sees nothing wrong with companies paying millions in bonuses to executives, unless they are taking TARP money.
In Joshi v. Starbucks Corp., the plaintiffs alleged that they entered into a lease agreement with Starbucks and built a structure on the property to defendant’s specifications; however, defendant has not occupied the property and has refused to pay the rent. Exhibit A to the Complaint includes a copy of the commercial lease.
CNET has already analyzed Carol Bartz’s compensation package. Read her offer letter for the full details.
Today, Live Nation and Ticketmaster Entertainment announced that they have entered into a definitive merger agreement. I’ve added Live Nation Inc. contracts to the site. Will post the merger agreement when it become available.
New York Times: Thain Says He’ll Repay Remodeling Costs. John A. Thain, the former chief executive of Merrill Lynch, defended on Monday his decisions on several fronts as he made his exit from Bank of America. But Mr. Thain sounded a bit contrite about that $35,000 commode.
Some recent Merrill Lynch contracts: the merger agreement with Bank of America, the private placement agreementwith the U.S. Department of the Treasury and the offer letter to John A. Thain.
Added LiveDeal Inc. contracts.
FriendFinder Networks Inc. just filed a Form S-1. I’ve posted FriendFinder Networks contracts to the website.
From Republic of Peru v. Yale University:
MEMORANDUM OF AGREEMENT BETWEEN THE NATIONAL GEOGRAPHIC SOCIETY
ON THE ONE HAND
AND
YALE UNIVERSITY AND HIRAM BINGHAM, DIRECTOR OF THE PERUVIAN EXPEDITION
ON THE OTHER
1. The National Geographic Society will pay to Yale University for the Peruvian Expedition of 1912 the sum of ten thousand dollars ($10,000); to wit, five thousand dollars ($5,000) on the first of June, 1912, and one thousand dollars ($1,000) each on the first of August, September, October, November and December of the same year. The National Geographic Society further agrees to loan to this expedition such instruments as are necessary to the chief topographer of the expedition.
2. The official title of this expedition is to be
THE PERUVIAN EXPEDITION OF 1912
UNDER THE AUSPICIES OF YALE UNIVERSITY AND THE NATIONAL GEOGRAPHIC SOCIETY
The plans of the expedition are to be under the direction of Prof. Hiram Bingham of Yale University. The field of operations is to be southern Peru, particularly in the neighborhood of the 72d, 73d, and 74th meridians of longitude west of Greenwich.
3. In consideratin of the receipt of the above grant, Yale University agrees that the Director of the expedition shall be authorized and ordered to prepare for the National Geographic Society immediately after teh return of the expedition to the United States an article of six or seven thousand words describing in popular form the results of the expedition. If deemed advisable by the Editor of the National Geographic Magazine, Yale University agrees to authorize and order the Director of the expedition to furnish the Society a second article of six or seven thousand words describing such of the results as cannot be included in the first article. For the illustration of said article or articles, Yale University will give to the Editor of the National Geographic Magazine the choice of all photographs coming into its hands as a result of the expedition, and the right to use as many as he desires in the National Geographic Magazine to illustrate the above articles. The University will use every means in its power to prevent any article or photograph from being given to any other magazine by any member of the expedition until after the publication of the above article or articles in the National Geographic Magazine, provided, however, that three months after date of delivery of the articles and their acceptance by the Editor of the National Geographic Magazine the Director of the expedition and other members of the party may proceed to furnish articles to other magazines.
Read the full agreement [PDF].
Related Resources:
Added U.S. Treasury contracts with Simpson Thacher & Bartlett, PricewaterhouseCoopers and Ernst & Young.