An arbitrator has directed Six Flags Entertainment Corp. to pay $23.65 million to former Chief Financial Officer Jeffrey Speed. The company is considering options, including an appeal.

According to a court record in New York, Speed sought arbitration on claims of breach of contract and other claims. Speed's attorney, Douglas H. Wigdor of Thompson Wigdor & Gilly LLP said numerous agreements were violated after Six Flags emerged from bankruptcy last year. It was not immediately clear when Speed left Six Flags. Wigdor was not immediately available for comment....

http://www.bizjourna...365m-award.html

http://www.prnewswir...-120494774.html

I probably have my wires crossed but:

I thought once it went to arbitration, there is no chance of appeals.

Either way, that is one HUGE settlement. SIX should have settled before it got this far.

And then there's the little matter of one Mr. Mark Shapiro....among others...

Terp, who observes hostile takeovers often do not please former management...