Subject: [NEXTEL-1] Nextel's Mooney & $4,545,000

From: Marcel <[email-masked]>
Date: Mon, 18 Nov 2002 11:19:44 -0500

http://www.washingtonpost.com/wp-dyn/articles/A3344-2002Nov17.html

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Monday, November 18, 2002; Page E02

The amount paid by Nextel Communications Inc. to former chief operating officer James Mooney when he left the firm in September after 18 months. Included is the forgiveness of a $2 million loan, $550,000 in direct severance, $708,750 in lieu of any 2002 bonus he would have been entitled to and $1.29 million, payable in installments, for not going to work for a competitor. For his work at Nextel in 2001, he was paid $884,486 in salary and bonus, was forgiven $625,603 he owed the company, was granted 100,000 shares of restricted stock and was reimbursed $77,781 for relocation expenses.

© 2002 The Washington Post Company