And speaking of fair trades, Caribou is replacing Chairman and CEO Michael J. Coles, who oversaw the growth of the nation's second-largest coffee chain but not of its stock price. A regulatory filing Tuesday said that in six months Coles would get $1.35 million in exchange for agreeing not to sue for "termination without good cause." Coles will stay with the company as a director.
You suck, but we're going to give you $1.35 million dollars of money we don't have because of your crappy work AND we're going to keep you on staff, too. You can shuffle papers, right?
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