"DOW JONES NEWSWIRES: TheStreet.com (TSCM) said Tuesday that it extended the employment term of its co-founder Jim Cramer to April 15.
Cramer, host of CNBC's "Mad Money," will continue to receive a $1 million salary, according to a filing with the Securities and Exchange Commission.
Under the terms of a previous extension entered in December, Cramer's employment agreement with the financial news company was set to expire on Feb. 15.
Cramer serves the company as a commentator and as an adviser to Chief Executive Thomas J. Clarke Jr. He also serves on the company's board and is the company's largest shareholder."
Am I the only person wondering why the contract extension was for only 2 months, like last time?
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"DOW JONES NEWSWIRES: TheStreet.com (TSCM) said Tuesday that it extended the employment term of its co-founder Jim Cramer to April 15.
Feb 22 06:20 am
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All Comments by Frank Li »What’s Up With TheStreet.com? [View article]
Cramer, host of CNBC's "Mad Money," will continue to receive a $1 million salary, according to a filing with the Securities and Exchange Commission.
Under the terms of a previous extension entered in December, Cramer's employment agreement with the financial news company was set to expire on Feb. 15.
Cramer serves the company as a commentator and as an adviser to Chief Executive Thomas J. Clarke Jr. He also serves on the company's board and is the company's largest shareholder."
Am I the only person wondering why the contract extension was for only 2 months, like last time?
Full disclosure: short TSCM.