It started when an E*Trade
shareholder sued the firm for "gross mismanagement". Now, following weeks of negotiations, Christos Cotsakos, ceo at E*Trade, has agreed to return $21 million of the $77 million he was paid last year, according to an article in The Boston Herald
. The firm also has to consult with the plaintiff's attorneys as to a new director who will sit on E*Trade's compensation committee.
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