Administrivia, General Chaos

Yo Quiero Mas Dinero

Taco Bell was ordered to serve up another $11.8 million to two men who claimed to have invented the chain's talking chihuahua campaign idea, atop the $30 million they were awarded by a jury. $42 million may not seem like a lot of beans for a fast food machine like Yum! Brands, Taco Hell's corporate parent, to hand over–but it's 17% of the company's net revenue for its FY 2002 and a third of its cash on hand.

Talk about heartburn.

Looks like the president of Yum's international operations, Peter Bassi, dumped shares equal to what he got this year in stock options a few days ago, to profit on the difference between the stock value and his option excersise price. Not that there's anything wrong with that…when the stock is at a high since it split last year, and litigation is pending.

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