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"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Tuesday, September 25, 2007

Asarco asks to raise CEO's salary

"Asarco asks to raise CEO's salary
Bloomberg News
Tucson, Arizona Published: 09.25.2007

Tucson-based copper producer Asarco LLC is asking the bankruptcy court to raise the salary of its CEO, Joseph Lapinsky, from $425,000 to $500,000, pay him an $85,000 bonus, and make him eligible for another performance bonus payable at the discretion of the board up to 75 percent of his salary, Bloomberg News reported....."

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