Friday, January 20, 2012

Charter sets salary, bonus for restructuring chief - St. Louis Business Journal:

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Doody, 44, will earn a base salaryu of $60,000 a month, or $720,000 a but Charter hopes it emerges from Chapter 11 bankruptctybefore then. The company hopes it emergew from bankruptcy in six monthzs orby September. Charter also plans to give Doodya $1.5 millio “emergence bonus” reduced by the sum of the base salarty paid to Doody during his term of employment, the amoun t of monthly fees paid to consultants and the $75,000 retainer paid to Dumaine. As part of the Charter CEO Neil Smit may nix the bonus at any Doody previously ledsuccessful in-court and out-of-courty restructurings, including at , a San Jose, Calif.
-based energy and , one of the nation'ws largest providers of outpatient surgery, diagnostiv imaging and rehabilitative services. HealthSouth president and CEO Jay Grinnehy credited Doody with helping the company redirect its focusw in the wake ofa multibillion-dollar corporatde accounting fraud perpetrated under prior management. Charter Doodh as an adviser and officially named him chiedrestructuring officer

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