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Briefs: Retired Karmanos will consult for $600K a year
Nov 7th 2012, 06:12

Comments Zoom Karmanos ) Pete Karmanos will take a pay cut, but he won't be clipping coupons in retirement. Karmanos handed over the reins as CEO of Compuware, the downtown Detroit software company in June 2011, and will officially retire as chairman of the company at the end of March. According to a newly filed document with the Securities and Exchange Commission, Karmanos will become a consultant, earning a base salary of $600,000 a year for six years. He'll also receive 100,000 stock options, plus bonuses and benefits, including life and disability insurance. Other perks include an office, parking administrative support, and use of company cars, as long as Compuware keeps up its...

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