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Stern Proposes $200K CEO Role for Ferguson Oversight

2/12/2026

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Story summary
  • Stern proposes hiring a chief executive to manage Ferguson's business affairs at a salary of $200,000, with duties defined by the plan.
  • The plan requires Epstein's approval for any expenditures exceeding $1,000, and it outlines oversight responsibilities.
  • Stern says the role is only worthwhile if the holder owns at least 30% of Ferguson, signaling a significant stake.