MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, November 13, 2008 Janus CIOs Switch to a Severance Package 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. Printed from: MFWire.com/story.asp?s=19885 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |