...in exchange for amending his employment contract and eliminating this
perk, Abercrombie will give Jeffries, whose employment contract runs
through 2013, a $4 million lump-sum payment.
That's right, the CEO of
embattled Abercrombie & Fitch, one of the worst-performing brands
of the recession, in no small part due to his management decisions, is
actually getting paid a sum most people could only dream of just to
stop using the company plane as a personal plaything. Who knew
corporate self-sacrifice could be so rewarding?
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