By  on March 28, 2008

- MOB TESTIMONY DELAYED: The fashion industry will have to wait to see if former trim producer Lewis Kasman’s appearance at a Brooklyn Federal Court mob trial includes a stroll along Seventh Avenue. His testimony was put off Thursday. Kasman, the self-proclaimed “adopted son” of the late John Gotti, was to testify on his ties to the Gambino crime family at a hearing to determine if attorney Joseph Corozzo should be disqualified from representing his father, Joseph “Miserable” Corozzo, a reputed Gambino mobster. The elder Corozzo is among 62 defendants named in an 80-count indictment unsealed last month. Judge Jack Weinstein ruled that the younger Corozzo could not participate in the case until after Kasman testifies.

- FORMER SEARS CEO’S PAY: Aylwin B. Lewis, former chief executive officer of Sears Holdings Corp., will continue to receive his base salary of $1 million through March 24, 2010, the retailer said in a regulatory filing with the Securities and Exchange Commission. The filing on Wednesday said Lewis will also continue to receive health care benefits, and became vested in stock awards that allow him to buy 37,500 shares of Sears stock at $88.62. Lewis was succeeded on Feb. 2 by W. Bruce Johnson. Johnson, the retailer’s executive vice president for supply chain and operations, is currently interim ceo and president.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus