MGM’s Top Execs Extend Contracts
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Reuters
Film studio Metro-Goldwyn-Mayer Inc. said Chairman and Chief Executive Alex Yemenidjian has agreed to a five-year contract extension on substantially the same terms.
Vice Chairman and Chief Operating Officer Chris McGurk also agreed to an extension of his employment agreement until April 30, 2007, MGM said.
MGM shares rose 8 cents to $16.45 on the NYSE.
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