Mr. Giuseppe Brusone This is Me

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1. 1. LVMH shakes up management team at Donna Karan

   biz.yahoo.com/ap/020930/us_lvm - [Cached]

   Published on: 9/30/2002   Last Visited: 9/30/2002

   Fred Wilson, who had been president and chief executive of LVMH's U.S. fashion division, has been named chief executive of Donna Karan, replacing Giuseppe Brusone, who had been in the post since July 2001.
   ...
   Brusone will remain chairman of the board of directors of Donna Karan, and set up an operational management team.

2. 2. www.sec.gov

   www.sec.gov/Archives/edgar/dat - [Cached]

   Published on: 8/21/2001   Last Visited: 8/23/2001

   GIUSEPPE BRUSONE
   
   In connection with the resignation of John D. Idol and the appointment of Giuseppe Brusone as our President and Chief Executive Officer and the related amendment of the merger agreement , which is described further below , DKI agreed that Mr. Brusone will , for the period prior to the consummation of the merger , be entitled to receive a monthly salary of $58 , 333.33 plus a discretionary bonus and participate , when eligible , in all plans and benefits generally given to our senior executives.
   ...
   In addition , Mr. Brusone was entitled to participation in the discretionary short-term incentive program , with a target award of 50% of his annual base salary per year and a guaranteed minimum bonus of $300 , 000. Mr. Brusone's agreement further provided for a signing bonus of $500 , 000 upon his appointment as Chief Executive Officer of DKI ; it is expected that this amount will be paid to Mr. Brusone upon consummation of the merger. In addition , under his agreement with the LVMH Fashion Group , Mr. Brusone was entitled to a housing allowance , an automobile allowance and participation in health insurance , life insurance , retirement and deferred compensation plans.
   
   If Mr. Brusone continues to be employed as the Chief Executive Officer of new DKI following the consummation of the merger , LVMH has agreed to cause new DKI to pay Mr. Brusone an amount equal to the difference between the benefits , including salary and bonus , he would have received under his agreement with the LVMH Fashion Group and the benefits he actually received from DKI during the period prior to the merger.
   
   If at any time prior to the closing of the merger Mr. Brusone is no longer employed by DKI , LVMH has agreed that the LVMH Fashion Group will re-employ Mr. Brusone on the same terms as set forth in his employment agreement in place at the time he resigned from the LVMH Fashion Group. In addition , Mr. Brusone will be entitled to receive from LVMH a payment equal to the difference between the benefits , including salary and bonus , he would have received under his agreement with the LVMH Fashion Group and the benefits he actually received from DKI during the period he was employed by DKI.
   
   From July 13 , 2001 through the closing of the merger , LVMH has agreed to indemnify and hold harmless Mr. Brusone for damages actually and reasonably incurred by him in connection with legal actions to which he is a party as a result of his capacity as an officer of DKI , except to the extent that.
   
   65 he is indemnified by any other party or to the extent the losses are caused by his gross negligence , willful misconduct or fraudulent action.

3. 3. www.sec.gov

   www.sec.gov/Archives/edgar/dat - [Cached]

   Published on: 5/17/2001   Last Visited: 9/17/2001

   LVMH intends to appoint Giuseppe Brusone , Senior Vice President , Acquisitions and Brand Development of the LVMH Fashion Group , as the Chief Executive Officer of new DKI upon the consummation of the merger.