The former chief executive of retail brokerage ETrade Financial is getting $11m (â¬7.4m) as part of a severance package following his resignation from the board of directors just two months after alternative asset manager Citadel helped bail out the business.
Mitchell Caplan will also get two years of medical, life and disability insurance as part of a severence package inked in 2004. Legal fees of up to $10,000 will also be reimbursed.
