Beginning January 1, Jonathan D. Coleman
and Richard Gibson Smith
will work for Janus
without contracts. On Wednesday the Denver-based asset manager revealed in its latest 8-k
filed with the SEC that, beginning next year, the pair of co-chief investment officers will be working under severance agreements instead of employment contracts. The agreements, each of which activates when that exec is fired without cause or quits with cause (which in this case includes a special provision for quitting if they're demoted), would give a departing co-CIO a full year's pay.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now