Sorry, Jim, But You'll Have To Wait For Your Raise
TheStreet.com has amended founder Jim Cramer’s contract, reducing his bonus and delaying the salary increase he was supposed to get on 1/1/2010. Now poor “Mad Money” Cramer will be stuck making only $780,000 through the first half of the year. He’ll have to wait until July 1, 2010 to get bumped up to $936,000 per half year or $1,872,000 annually.
Also, his bonus will be only $1.2 million instead of the $1.4 million he was going to get.
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