The Apollo Group Inc (NASDAQ:APOL) has yet again defied all expectation in continuing to outdo its previous scandalous behavior. On Footnoted.com, Michelle Leder caught an interesting SEC filing from the company, revealing the retirement plans for its former chairman.
The firm's outgoing Executive Chairman, John Sperling, will not fully retire, rather he will move to the position of Chairman Emeritus, a position that doesn't entitle him to a salary, but does offer him an expense account. In lieu of that salary, he will be granted a monthly annuity of $71,000 and possession of two cars...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
