Forster Bonus Tied to How Investments Had Performed, Documents Show ; Company Says Former Chairman Arranged to Be Paid Before Investment Gains Were Realized, Then Was Paid a Second Time.

Summary

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DAYTON -- When he began managing DPL Inc.'s private equity investments in 1996, then-Chairman Peter H. Forster told the directors that he wouldn't get paid bonuses tied to the portfolio's earnings until the investments matured and DPL also was paid, according to documents produced in court Wednesday.

"We should not get paid on success until the shareholder also receives those same benefits," Forster said in a 1996 compensation proposal he sent to former director and compensation committee chairman Burnell R. Roberts.

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Extract

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Forster Bonus Tied to How Investments Had Performed, Documents Show ; Company Says Former Chairman Arranged to Be Paid Before Investment Gains Were Realized, Then Was Paid a Second Time.

But Forster not only arranged to be paid before the investment gains...

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