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AIR AMERICA: TOP EXEC BAILS

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By Michelle Malkin  •  April 6, 2006 02:40 PM

Brian Maloney scoops the rest of the MSM again with an exclusive scoop on the departure of Air America CEO Danny Goldberg. Excerpt:

The changes take effect Friday, April 7, according to an internal source. Goldberg, a former record label executive overseeing rap, hip hop and pop acts, joined the ailing network in early 2005. He’s also a partisan activist and lefty book author, contributing to many ultra-liberal politicians, including embattled Congresswoman Cynthia McKinney (D-GA).

While exiting day-to-day operations at Air America, Goldberg will continue in a minor, contractually-based role, working one day a week from home. Through the end of 2006, he’ll be paid $400,000 on an annualized basis for his temporary role as “Vice-Chair”.

In addition, he’ll receive $400,000 in deferred compensation covering 2005, $100,000 to cover 2006 travel and entertainment, plus ongoing clerical support. An initial share award representing 2% of the company will now become fully vested.

On a light note, if the company makes a profit in 2006 or 2007, Goldberg will be entitled to a share. And if the Radio Equalizer buys a lottery ticket with the winning numbers, we’ll be entitled to a cash jackpot!

Until now, Goldberg was working under a contract with a 2010 expiry date, while its replacement runs out December 31. In his new, hazily defined role as “progressive liason”, he’ll work out of Los Angeles during the summer. Air America is also expected to cover his costs for this “project”. Given the emerging details of Goldberg’s new agreement with Air America, the Radio Equalizer wonders: will Danny merely serve as a paid partisan activist during an election year?

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Categories: Air America, Al Franken

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