Well, he’s their largest shareholder, controlling nearly half of the shares. And instead of repaying all of the money he misappropriated, they’ll give him $10 million - before taxes - to go away.
But still, this is bad news for Gupta and the Clintons. $10 million ain’t what it used to be.
The risk to the company is that the new Chairman and CEO may be Gupta’s puppets. But maybe they’ll be able to act independently now. Another risk is that he may control some of the offshore outsourcing firms that the company depends on.
Oh uh.
That’s how I see it, Gupta will lay low until after inauguration, marshal his forces, consolidate his levers over InfoGroup, and well before the primaries for the midterms he’ll be back in control of InfoGroup.