Who Knew Mentoring Payed So Well?

This proxy filed by the lawn-care company, Toro, reminds us of that Seinfeld episode with the girl who desperately needs to have a mentor all the time. If this is going rate, though, sign us up!

When Mr. Melrose resigned as CEO and became Executive Chairman of the Board, we informed him that we would consider paying a bonus based on his effectiveness in serving as a mentor to Mr. Hoffman during the latter’s succession as Toro’s Chief Executive Officer and in providing other executive support to Toro. We determined that Mr. Melrose achieved his objectives and we exercised our discretion to authorize a payment of $89,062 to him with respect to the period from March 15 to October 31, 2005.

First, Buy an Expensive Briefcase [Footnoted.org]

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