Jim Cramer signs multi-year deal with TheStreet.com!
We're not talking A Rod numbers here, but still quite a deal for the man who said that your money is safe at Bear Stearns! At, in, up, down, new cars, used cars. Whatever. The deal for MVP Jim?
Cramer has signed a lucrative new employment contract with TheStreet.com, the financial web site that he co-founded. According to a filing with the SEC, Cramer will be paid $1.3 million this year, $1.56 million next year and $1.872 million in 2010. He also gets a $100,000 signing bonus - think of it as mad money - and will be eligible for a bonus of 75% of his salary. He also gets 300,000 restricted stock units that vest over five years. And he gets six weeks of vacation.
Click the link for the full deal and what it boils down per-post.