• Most Popular
  • Most Shared

TheStreet.com co-founder Cramer renews contract

NEW YORK
Wed Apr 9, 2008 10:47am EDT
CNBC analyst Jim Cramer (L) talks with a reporter at the NASDAQ Marketsite shortly after the opening bell in New York January 16, 2008. REUTERS/Brendan McDermid

NEW YORK (Reuters) - Online financial news service TheStreet.com said on Wednesday that it has renewed its employment agreement with co-founder and CNBC's "Mad Money" host Jim Cramer that will restrict him from writing articles for Internet competitors.

Stocks  |  Global Markets

Cramer will get $1.3 million in his first year of the agreement, according to a filing with the U.S. Securities and Exchanges Commission. Compensation will rise to $1.56 million in the second year and $1.87 million in the third year.

He also agreed to not write articles for online competitors, but will be allowed to write other pieces, including a column for New York magazine, TheStreet.com said in its filing.

CNBC is controlled by General Electric Co.

(Reporting by Robert Macmillan, editing by Gerald E. McCormick)
Stocks
Global Markets


More from Reuters

Photo

Employers see uptick in hiring in 2010

NEW YORK (Reuters) - U.S. employers expect to hire more new workers in 2010 than they did in 2009, a sign the U.S. recession may be easing its grip, research showed on Tuesday.

» More Top News
An employee swipes a customer's credit card through the card reader at a restaurant in Tokyo February 19, 2005.REUTERS/Issei Kato

Taking a swipe at credit cards

New legislation meant to protect consumers could be a "game changer" for the industry -- and not in a good way.  Full Article 

Economy
dealer shuffles a deck of cards during a poker game at a casino in Budapest September 15, 2009. REUTERS/Katoly Arvai

Placing their bets

Two IPO filings will test investors' appetite for risk that they probably would've avoided in the past year.  Full Article 

DEALS