footnoted.org» Blog Archive » Another $3 million for Martha Stewart…:
"Martha’s new employment contract in the 10-Q filed by the company yesterday, which includes a $3 million “retention payment” for the domestic goddess. That’s in addition to a $2 million salary, which according to the proxy the company filed last month, represents a $1.1 million raise. The contract also includes a wide range of other goodies, including “automobiles and drivers seven days a week”, reimbursement for all business, travel and entertainment expenses (which seems like a pretty broad definition), security expenses and even internet and telephone expenses at her various homes."Insider selling at GM drives price down further:
"Retiring Vice Chairman Bob Lutz sold 81,360 shares at $1.61 each, for proceeds of $130,990. Vice Chairman Thomas Stephens and Group Vice Presidents Carl-Peter Forster, Ralph Szygenda, Gary Cowger and Troy Clarke sold smaller amounts, at prices ranging from $1.45 to $1.61. The total number of shares sold was 205,000."
Real Estate still falling. From CNN: Record Home Price Slide:
"The steep slide in home price accelerated at a record pace during the first three months of 2009, according to an industry report issued Tuesday.
The national median home price of single family homes sold during the first quarter fell 13.8% to $169,000 year over year, and 6.2% compared with the last quarter 2008, according to the National Association of Realtors (NAR). That was the largest year-over-year decline in the 30-year history of the report."