Cramer Re-Signs with TheStreet.com
Wednesday, April 09, 2008 - 11:42 am
The original blogger is back on board, officially:
TheStreet.com Inc. said Wednesday it agreed to a new three-year contract with co-founder, director and columnist Jim Cramer.
Cramer will receive between $1.3 million and $1.9 million each of the three years. Cramer will get a signing bonus of $100,000 and is eligible for annual bonuses worth up to 75 percent of his salary based on the company's financial results.
Cramer will also receive restricted stock units that can convert to up to 300,000 shares of common stock over the next five years. Based on Tuesday's closing price of $9.32, the shares are worth about $2.8 million.
As part of the deal, Cramer cannot write articles for other online financial publications that compete with TheStreet.com, unless approved by the company. AP
The should give enough money to afford food at the Quogue Country Market, where a chicken salad on whole wheat can set you back $8. But there is another scandal brewing; Cramer is looking at Hamptons real estate north of the highway.
Say it isn't so, Jimbo.
Jim Cramer Re-Signs With TheStreet.com
AP
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