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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Mar 29, 2012
Page
8
Former CVS Caremark chairman and CEO Thomas M. Ryan retired last year after receiving a 58.5 million pension and 33 million in stock and option awards. He stepped down as CEO in 2011 after 36 years with the company, while Larry J. Merlo, his successor, earned about 12 million in the past year.
Hedge fund manager Daniel Loeb owner of 5.8 percent stake via Third Point LLC calls Yahoo board decision illogical. Loeb has spent about $1 billion buying Yahoo shares since September challenging representation.
Annie's Inc shares jumped 89 percent on their first trading day to close at 35.92, marking the year's largest open day gain for an IPO. The firm, famed for macaroni and cheese shaped like rabbits, sells over 125 organic products in more than 25,000 U.S. outlets amid strong demand for natural foods.
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