DEAR INVESTORS: SIT DOWN. ROLL OVER.

“I am pleased to announce that our Board of Directors recently approved a cash bonus arrangement for certain key employees of Pets.com, Inc., including yourself.”

Pets.com executives Julie Wainwright and Chris Deyo in letters they sent each other shortly before they closed the company, divvying up some of the rapidly dissolving retailer’s cash on hand in a mutually-agreed $225,000 retention bonus, Pets.com quarterly filing, 14 November 2000

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