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Buyout

BUSINESS
January 16, 2013 | By Serena Saitto and Jeffrey McCracken, Bloomberg News
Dell Inc., the personal-computer maker that lost almost a third of its value last year, is in buyout talks with private-equity firms, two people with knowledge of the matter said. Dell, based in Round Rock, Texas, is discussing going private with at least two firms, said one of the people, who declined to be identified because the talks are private. The discussions are preliminary and could fall apart because the firms may not be able to line up the needed financing or resolve how to exit the investment in the future, the people said.
SPORTS
January 1, 2013 | By Joe Juliano, Inquirer Staff Writer
With at least seven NFL coaching vacancies needing to be filled after Monday's rash of firings, the name of Penn State coach Bill O'Brien has come up for most, if not all, of them. O'Brien, the former New England Patriots offensive coordinator, could have his choice of any job after earning national honors for leading the Nittany Lions to an 8-4 mark in his first season. As for whether he has been contacted, O'Brien's agent, Joe Linta, has not responded to a request for comment.
SPORTS
January 1, 2013 | By Joe Juliano, INQUIRER STAFF WRITER
With at least seven NFL coaching vacancies needing to be filled after Monday's rash of firings, the name of Penn State coach Bill O'Brien has come up for most, if not all, of them. O'Brien, the former New England Patriots offensive coordinator, could have his choice of any job after earning national honors for leading the Nittany Lions to an 8-4 mark in his first season. As for whether he has been contacted, O'Brien's agent, Joe Linta, has not responded to a request for comment.
SPORTS
December 30, 2012 | By Sam Carchidi, Inquirer Staff Writer
The NHL has made some concessions - most notably in the length of contracts and including amnesty buyouts - in an effort to salvage part of the season. Representatives from the league and the players' union are expected to have a conference call Saturday to discuss the developments and may meet Sunday in New York. Friday was the 104th day of the lockout, and games have been canceled through Jan. 14. According to multiple reports Friday, the league has offered teams one compliance (also known as "amnesty")
SPORTS
October 31, 2012 | By Bob Brookover, Inquirer Staff Writer
Carlos Ruiz will be paid a career-high $5 million next season after the Phillies picked up his 2013 option Monday. What he will make beyond that from the Phillies remains to be seen. Ruiz' agent, Marc Kligman, said at this point the two sides have not talked about a long-term contract extension for the all-star catcher. "No, I haven't received phone calls or overtures from the Phillies regarding an extension for a new contract," Kligman said. Both sides declined the $5.5 million option on third baseman Placido Polanco for 2013.
NEWS
October 25, 2012
D EAR HARRY: My wife is 53 and has a history of mental problems dating back 20 years or more. She is bipolar. Early this year, we decided that she could no longer hold a job, so she went on disability at her workplace. We applied for permanent disability benefits at Social Security a short time later. The benefits were granted. During this period, she never notified her employer that she would not be returning to work. Her first check from S.S. came in August. About the same time, her employer was offering buyouts for employees as an inducement to retire early.
NEWS
July 25, 2012 | By Peter Dobrin, Inquirer Culture Writer
Peter Nero has prevailed. His lawyers successfully beat back a move to oust the Grammy Award-winning pianist and conductor as head of the Philly Pops. Nero, 78, who had two years to go on his current contract, will stay on the podium through the end of the 2012-13 season. After that, presenter Encore Series Inc., which sought to reject his contract, will buy out his last season, 2013-14, as it tries to shift to new leadership after what will be Nero's 3½-decade reign. The new contract between the conductor and ESI was reached in negotiations as the case was headed to a hearing in U.S. Bankruptcy Court last week.
SPORTS
July 18, 2012 | Associated Press
SYRACUSE, N.Y. - The Big East has reached an agreement with Syracuse University, allowing the Orange to leave the league a year early for the Atlantic Coast Conference. Syracuse announced last fall its intention to join the ACC, but under Big East bylaws the school had to serve a 27-month exit period. Instead, the Orange will now be allowed to leave on July 1, 2013, and will have to pay a fee of $7.5 million to depart. That's $2.5 million more than specified in the conference bylaws.
NEWS
May 16, 2012 | By Claudia Vargas, INQUIRER STAFF WRITER
The Camden City school board signed off Tuesday night on a $62,000 buyout agreement for Superintendent Bessie LeFra Young, hours before a new school board is put in place and commences the search for a new leader. Young, a former top administrator in the Philadelphia School District who has a year left in her contract, will step down June 30 from her $244,083 job. She is receiving three months' pay and is requesting an undisclosed amount of expense reimbursements for her nearly five years on the job. The reimbursements are not part of the separation agreement and will be negotiated separately, said the district's labor attorney, Lou Lessig.
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