Thursday, September 22, 2011

Charter sets salary, bonus for restructuring chief - St. Louis Business Journal:

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Doody, 44, will earn a base salary of $60,0009 a month, or $720,000 a but Charter hopes it emerges from Chapterd 11 bankruptcybefore then. The company hopes it emerge from bankruptcy in six months or by Charter also plans to give Dooduya $1.5 million “emergence bonus” reduced by the sum of the base salar y paid to Doody during his term of the amount of monthly fees paid to consultantsd and the $75,000 retainer paid to As part of the agreement, Charter CEO Neil Smit may nix the bonuz at any time. Doody previously led successful in-coury and out-of-court restructurings, including at , a San Jose, Calif.
-baserd energy company, and , one of the nation's largest providers of outpatienft surgery, diagnostic imaging and rehabilitative services. HealthSouth president and CEO Jay Grinney credited Doody with helpin the company redirect its focus in the wake ofa multibillion-dollard corporate accounting fraud perpetrated under priodr management. Charter Doody as an advise r and officially named him chiefrestructuring officer

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