Wednesday, May 24, 2006

Molson-Coors Pours a Big One.

Molson Coors (NYSE:TAP) today issued a press release about Peter Coors receiving a lifetime achievement award. At the same time they file an 8K with plans to pay every director another $1,000 for each meeting on top of existing compensation arrangements. Also buried in the same 8K is Peter Coors generous stock option plan. The 8K is the result of a May 18 board meeting which is a week ago. But the fluffy lifetime achievement award press release also comes out today. Quite the beard Peter Coors has developed.