Fox News payout to Bill O'Reilly will be tens of millions of dollars (sexual predation pays)

[niyad]

Sources: Fox News payout to Bill O'Reilly will be tens of millions of dollars

Bill O'Reilly will be paid tens of millions of dollars on his way out of Fox News. "It is a staggering amount," said a source personally involved in the exit maneuverings. 21st Century Fox and O'Reilly's representatives will not acknowledge the existence of a payout. A confidentiality agreement limits what the two sides can say.

But two well-placed sources confirmed to CNNMoney that O'Reilly does have a parachute. That's because O'Reilly signed a new contract right before being ousted. The two sources, who spoke independently of one another, said the new contract was worth about $25 million per year.
. . . . .

The two sources also said the contract extended through the next presidential election, meaning it was set to expire either at the end of 2020 or sometime in 2021. However, O'Reilly will not be paid the entire amount he was owed, one of the sources said. Fox incorporated language in the new contract that gave the network some "outs."
. . .


http://money.cnn.com/2017/04/20/media/bill-oreilly-millions-payout/

[Orrex]

1. And O'Reilly will make millions on the book and lecture circuit for years

[Guilded Lilly]

2. Him having more money really doesn't matter when you compare that...

to the fact that he is gone from the airways for now and he will always be known as a walking pile of scum, fired for being a proven, vile, sexual predator.

[underpants]

3. Yeah he's supposedly worth $85M already

This sort of payout is normal. Brian Williams and Billy Bush also got them. Imus too I think.

[JenniferJuniper]

4. What are they afraid of?

You don't hand out cash like that to a fired employee unless there's reason. I'm sure he violated something in his contract that they could us to void it. Wait, this is Fox. Pussy grabbing and harassment are probably encouraged.