Employment Agreement and Cover Letter - Dean Sorenson 1992

Employment agreement and cover letter from Dean Sorenson to Bill Grady dated 3-12-92

Employment agreement and cover letter - Dean Sorenson to Bill Grady (3-12-92) including cover memo acknowledging +$300K cash injections and notes on compensation/stock plan; full PDF and proofed transcript available below.

Summary

Scanned employment and incentive compensation agreement between Bill Grady and KVFD-AM/KUEL-FM (Sorenson/Dodge Communications), with a cover memo in which Dean Sorenson documents cash injections into the stations and references bank notes; transcript has been proofed and hosted. The financial statement from Dodge Communications supports Dean Sorenson's cover-letter claim that substantial funds were injected into the operation and documents how deeply in the red the stations were before managerial changes; it supports the narrative of a +$340K turnaround in 1992 under subsequent management. It also explains Bill Grady's abscence from the radio market for 3 years, as he was honoring his 3 year 50 mile non-complete agreement.

Files

Provenance note

Scan Credit: Bill Grady 08/15/2002. Permanent URL: https://www.fortdodgeradio.com/pods/extra/employment-agreement-dean-sorenson-1992.pdf

Download PDF  |  Read transcript