MySpace’s Tom Gets $500k Per Year to Stop Coming to Work

This looks like a slow severance to me.<p>In exchange for his salary reduction, he agrees to not close his profile and remain an "ambassador" to the service? If you ask me, it just sounds like they're trying to keep some decent PR going in the face of some serious adversity.

&#62; <i>...what became the world’s top social network, only to see it lose its edge under News Corp.</i><p>I think it's fair to blame acquirers in many cases, but based on MySpace's history they may have done better under News Corp than they would have done independently.

Talk about out-of-this-world salaries...

Well, after the Casual Friday incident it makes sense...