Judge limits former St. Jude exec's noncompetition pact
Join the discussion below, or Read more at TwinCities.com.
#1 Aug 13, 2010
McCollough lacks any sense of ethics. He "retired" from St Jude, then accepted a $500,000 annual "salary" on 1-5-10 to essentailly do nothing while waiting for his stock options to improve. This agreement speciafically bound him to his October 2007 non-compete agreement. Then he decides to jump to a nice job at Medtronics.
I have no idea how this judge could ignore McCollough's 1-5-10 agreement with St Jude and the $500,000 they paid him not to work, but he did. One also has to now wonder what they call "ethics" at Medtronics. Medtronics comes across as a sleazy company. If they'll cheat here, they'll cheat anywhere.
Add your comments below
|Sector Wrap: Medical Device Makers Mixed (Jul '07)||Feb '17||Investor||88|
|problem withdeterioation of the skin over the p... (Jan '17)||Jan '17||Jack Brown||1|
|sorority raising money for st. jude's (Apr '14)||Apr '14||Phi Sigma Sigma||1|
|St. Jude device for depression implanted in fir... (Jun '08)||Jan '14||Abbe||3|
|Device to treat depression advances at St. Jude... (Apr '08)||Sep '13||Jadon||7|
|More Healthy Alternatives To Zimmer (Aug '12)||Jul '13||Ray Lin||4|
|St. Jude Medical Announces Key Findings at ACC.... (Mar '12)||Dec '12||Raj at Earth||2|
Find what you want!
Search St Jude Medical Forum Now
Copyright © 2017 Topix LLC