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CEO to get paid millions while serving sentence
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Contributor | RP |
Last Edited | RP Aug 04, 2004 06:00pm |
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Category | General |
News Date | Wednesday, August 4, 2004 06:00:00 AM UTC0:0 |
Description | Unlike many inmates in federal prison, Andrew Wiederhorn won't have to worry about finding a job when he's released. In fact, the CEO of Fog Cutter Capital Group will be making $2.5 million while he sits in a cell serving his 18-month sentence.
The board of directors of his company voted to keep Wiederhorn on the payroll and even make him eligible for a bonus after he pleaded guilty to a pair of felonies in the financial collapse of another company that loaned him $160 million. |
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