CNN paid Lou Dobbs $8 million to quit

[marmar]

from thinkprogress:



CNN paid Lou Dobbs $8 million to quit.

Although Lou Dobbs has been saying that his departure from CNN was an “amicable parting on the best of terms,” the New York Post reports that CNN wanted him gone so badly that it gave him an $8 million severance package. Dobbs “had a year and a half to go on his $12 million contract.” He’ll be appearing on Fox News tonight to talk with Bill O’Reilly, who has called the former CNN host a “stand-up guy.”


http://thinkprogress.org/2009/11/16/dobbs-8-million/

[musiclawyer]

1. CNN looks almost as bad a Dobbs

Their lawyers should have had a clause in the contract to make a separation under the circumstances much easier. I would of thought more highly of CNN if they just fired him and ate the balance.

[FrenchieCat]

2. I had stated at the time that they must have bought out the rest of his contract.......

more or less.

[Contrary1]

3. I would be happy too...if someone paid me $8M not to work.

They should have fired his bigoted ass, instead of rewarding him.

[WI_DEM]

4. His ratings must have been in the toilet

[Iggo]

5. Totally worth it (n/t)