For those fascinated by other peoples’ money, a storm has blown up over the news that former Control Data Corp chief executive Robert Price, whose four-year term at the top was marked by $923.9m in aggregate net losses, has received $4.24m in retirement and severance pay and will get $450,000 a year under a three-year consulting contract, on top of the $1.07m in bonus income he recieved over the past 42 months; Roger Redmond, a stock analyst for Minneapolis-based Piper Jaffray & Hopwood Inc, said Price’s compensation was excessive considering the computer company’s performance since Price took control in January 1986 but Price can argue that the seeds of the company’s downfall were laid by his predecessors, although he would never be so disrespectful to founder William Norris as to do so.
