Brett Arends
Kann's successor as chief executive, Richard Zannino, took the helm last summer after five years as a senior executive. He, too, was sitting on hundreds of thousands of options that were worthless below $40.
Murdoch's bid would value his shares and options at $11.9 million. Those figures are, of course, provisional. Were the company actually to be taken over, you would find head honchos collecting further goodies in one form or another. They always do.
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