Comments on: R.I.P.

by: b a t k i s s

Thu, 20 Aug 2009 18:24:57 +0000

Pays to go bankrupt, huh?

by: b a t k i s s

Thu, 20 Aug 2009 18:23:21 +0000

During the Chapter 11 process, CEO Berner will be paid $125,000 per month in base salary.
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Multiplied out over 12 months, Berner’s new agreement would put her annual salary at $1.5 million. According to RDA’s last 10-K report, Berner in fiscal 2008 was earning a base salary of $600,000 (and was eligible for an annual guaranteed bonus of $500,000). That doesn’t include performance incentive bonuses that could have been as much as 400 percent of her base salary.
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In case Berner isn’t offered her job back when RDA eventually emerges from bankruptcy protection, the company has agreed to up her severance package to $2.2 million, plus any earned but unpaid salary, vacation pay and/or unreimbursed business expenses.

by: Oma

Wed, 19 Aug 2009 01:53:07 +0000

How awful. I love that magazine.

by: VampireLover21

Tue, 18 Aug 2009 22:03:21 +0000

Nooo that sucks they had some good stories!

by: Sadie6

Tue, 18 Aug 2009 18:22:17 +0000

So Sad!

by: kittychats

Tue, 18 Aug 2009 17:35:03 +0000

Does that mean my, "You May Be A Winner," junkmail now means that I am NOT A WINNER?
:S

by: Phew!!!

Tue, 18 Aug 2009 11:10:26 +0000

I do not care- it was always a pensioners magazine.Twee beyond words.

by: CraigMischief

Tue, 18 Aug 2009 10:17:38 +0000

They have been around forever !!!
Very sad, but sign of the times i suppose !!

by: Mamal in Versace Pants

Tue, 18 Aug 2009 07:12:59 +0000

With their excellent customer service and superior organizational skills, I AM SHOCKED! SHOCKED, I TELL YOU!

by: SWEETPIECE!

Tue, 18 Aug 2009 01:55:55 +0000

Re: BobFromBoston – Thanks for that info!