Follow Yahoo!’s The Daily Ticker on Facebook here!
Every day Michelle Leder and her crew at Footnoted.com comb through Securities and Exchange Commission filings in search of telling nuggets about deals, transactions, and executive compensation. Every month, she stops by our studios to share some of the highlights. November’s crop included a familiar mix of private jets, large retirement packages, and, in one instance, a strange resolution of a dispute over $12.1 million in antique maps.
Bob Pittman, Yet Again. Bob Pittman is a longtime media high-flyer: a founder of MTV, a top executive at Time Warner and now CEO of radio giant Clear Channel’s broadcasting and advertising business. Pittman’s high-flying also translates to his choice of aviation. In October, Footnoted.com reported that Pittman’s deal stipulated that he would have a plan available to him — preferably a Dassault-Breguet Mystere Falcon 900 — for business and personal use. In November, Clear Channel filed a new disclosure, noting that the company would pay a leasing company owned by Pittman $3 million per year for the use of the jet that will ferry Pittman around the country. The name of the leasing company? Yet Again.
Not Hot in Cleveland. When
Read More from the Article Source: Full Article
