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Retention Bonus – or Bust?

A recent retention award to a CFO raises some questions about the effectiveness of such bonuses.

August 31, 2010

OfficeMax CFO Bruce Besanko received "rock star treatment" from his employer, according to a recent posting on the blog Footnoted.org. In a recent 8-K, the blog notes, the company announced that Besanko had been granted a retention bonus comprised of about $740,000 worth of restricted stock units that will vest between 2011 and 2013. Read more...

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