I was assigned to cover jury selection today for Walmart Stores Inc.’s court battle with former CEO Tom Coughlin over his $17 million retirement package. Myself and several other members of the local media ended up staking out a courtroom whereCoughlin and his team of attorney’s met for more than three hours. Instead of continuing with the scheduled jury selection set for 1 p.m., Coughlin and his attorney’s reached a deal with Walmart Stores Inc.’s attorneys at about 12:30 p.m. After a bit of a cat and mouse game with us, Coughlin and his wife exited the Benton County Courthouse with attorney Tim Brooks. I followed them from the courthouse to their vehicle shooting photos the whole way trying to get a shot of them with the building in the background. The frame pictured above is not the image that ran in the paper, but is very similar. What makes the photo above so special is the tidbit of privileged information exposed and in sharp focus in the arms of Coughlin’s attorney. The actual settlement amount Coughlin received from Walmart Stores Inc. was embargoed by Circuit Judge Jay Finch for 20 days.
A closer look at the legal pad clutched in Brooks’ arms reveals an amount of $6.75 million, the same amount that was filed today by Walmart Stores Inc. with the Securities and Exchange Commission.
They say a picture is worth a thousand words. Well in this case it’s more like seven figures.
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3 comments:
Nice catch Marc!
Can't wait to see how my retirement benefits match up. ;)
so did you just violate a court order?
nope, we circumvented it. :∆)
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