By  on February 15, 2010

Troubled jewelry chain Zale Corp. has agreed to payments and benefits for its ousted chief executive officer and chief stores officer.

The Dallas-based firm disclosed in a regulatory filing with the Securities and Exchange Commission that Neal Goldberg, whoserved as ceo for two years before his departure on Jan. 13, immediately will receive a lump-sum payment of $500,000 in addition to a single payment of $100,000 in August. Vested stock options will remain exercisable for 90 days after his exit from the company, and Zale will continue to cover his medical insurance for one year if he isn’t eligible for insurance from a new employer.

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