Amadeusz Juskowiak

Warner communications wciin contract with ross

Warner Communications Inc said its board has approved a 10year employment contract with Chairman Steven J Ross

The company said the contract was opposed by the six board members who are nominees of ChrisCraft Inc CCN

It said the new contract calls for new bonus awards to be paid out over the period of the contract based on the price of the companys stock Its statement provided no details

Warner said the contract which has been under discussion for a lengthy period assures the stability and creative future of the company

Reuter