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"Back in January we covered the news that Chris Saridakis, the CEO of PointRoll, had joined Gannett publishing as the Chief Digital Officer. Interestingly enough, as Rafat Ali of Paid Content pointed out in an article published late last night, Gannett in fact had to purchase the last of PointRoll's shares from Mr. Saridakis himself to gain total control of the company.\nGannett, who publishes USA Today, amongst other holdings,  purchased 92% of PointRoll in 2005, with the remaining 8% being held by Mr. Saridakis. There was supposed to be an \"earn-out\" component for the founders, with payments through various years, but instead, Gannett just made a payment of $4.6 million to Saridakis for the remainder of his shares. As the earn-out was $7 million in 2006, with higher amounts in 2007 and 2008, it seems the buy was a bargain.\nThe SEC filing that Mr. Ali found this in also pointed to Gannett contracting with Ripple6, a white label social networking company of which Mr. Saridakis holds a 10% stake.  The publishing company said that due to his partial ownership in the company, Mr. Saidakis was not involved with the negotiations for $2.2 million worth of services.\nGannett tries to make it clear that Chris Saridakis did not play a role in the Ripple6 contract.  However you slice it, though, joining the publisher has been very good for his bank account outside of what his salary may be."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2008/03/16/gannett-pointroll/>