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Clorox: Donald Knauss

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By: TOM BRANNA

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● Clorox: Clorox entered an employment agreement in which Donald Knauss has stepped into the role of chairman and chief executive officer. Under the terms of the agreement, Mr. Knauss, 55, will receive, among other things, an annual base salary of $950,000 and a sign-on cash bonus of $500,000. On his first day of employment, he received a ten-year option to purchase 275,000 shares of common stock and 83,500 restricted stock units that will vest over four years. In other news, the company annou...

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