Thursday, February 17, 2005

Death Pays

Another great find by Michelle Leder at Seems that funeral directors never die, they just become consultants on a long, never-ending sliding scale:

Anyone who's had the pleasure of shopping for funeral services knows how expensive a funeral can be. Even a basic pine box seems to cost thousands of dollars. Now, I have a better understanding as to why. Last week, buried at the bottom of a press release on various management changes, funeral services giant Service Corp. International (SRV) noted that its vice chairman, B.D. Hunter, planned to step down, but would remain on as a consultant. What wasn't included in the press release (but was in the 8-K the company filed on Tuesday) was just how much Hunter will be paid: $91,667 a month in exchange for devoting "substantially his full time to the business of the company" (whatever that means). He'll collect that monthly stipend for the next three years, before the fee drops down to a measley $50K a month in February 2008.

1 comment:

Anonymous said...


--- ---

You are invited to join There are dozens of color themes to choose from at the bottom of the home page. You will get lots of comments on your blog because it's a community blogging site. There's a blog ladder, an entry ladder and you can build your own blog ladder.

We're in LA.