Eddie Bauer Pays Another Sweet Heart Package to Their New CEO
The Seattle PI reports that the new CEO of the Eddie Bauer Company will be paid over $3 Million dollars for his three year contract even though it is a financially failing company. I previously commented on the company’s payment of a golden parachute of $8.4 million to it’s departing CEO. (2/7/2007). This was an overpayment by a company that was fighting going under to a departing CEO even though his job performance was below expectations and the company was…
