Corporate sure as hell aint bagholders..
Not to bad a reward for running it into the ground..
Citadel Registers Stock, Makes Grants To Suleman, Other Execs
August 21, 2010: Citadel Broadcasting, which emerged from Chapter 11 in June, has filed its registration with the Securities and Exchange Commission for 10 million shares of new class A stock, and has issued grants of the stock to top management.
Citadel estimates the value of the as-yet-untraded stock for filing purposes at a maximum offer price of $22.875 per share. Based on that estimate, CEO Farid Suleman's grant of 1.9 million shares is worth approximately $43.5 million.
Also receiving stock grants are Citadel COO Judy Ellis, with a grant of 100,000 shares; CFO Randy Taylor, 80,000 shares; SVP/General Counsel Jacquelyn Orr, also at 80,000 shares; and SVP/Finance & Administration Patricia Stratford, 56,250 shares.
Smaller grants were reported for members of the Citadel board
My is opinion is posted from time to time..
