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Re: BasherCrashser post# 47548

Thursday, 08/03/2017 4:39:18 PM

Thursday, August 03, 2017 4:39:18 PM

Post# of 47873
Yeah it takes a lot of guts to ask for a $92K bonus for 2017. At this point those requests should be decided by the liquidator, but they are trying to get it in front of the judge, as they know they stand a better chance with the judge. As near as I can figure it, one $300K payment is built into the CIC plan if he stays on after the CIC but leaves within 12 months. The other is in his employment contract. I don't know what if anything can be done about things in an employment contract or the CIC agreement. However, at the very least the independent fiduciary should be the one evaluating those payments.

It is the same thing he is doing with the Zapata dispute, trying to get it moved to the venue most favorable to him. That was supposed to be discussed today. Yesterday's filing needs time for objections, and the hearing is supposed to be on Aug 28 so as you say, doubt it came up today.

It is a nice departing package he worked out for himself, that's for sure!

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