George Fellows will receive approximately $6.5 million for walking out the door at Callaway Golf Co. According to the company’s filing with the Securities and Exchange Commission, Fellows, who resigned as Callaway’s president and CEO on June 29, will receive approximately $4.7 million of the $6.5 million in cash.
Not bad for a guy who basically ran the once proud equipment company into the ground and essentially turned it into a golf accessories company. Callaway Golf lost $55 million in the second quarter of this year, the final straw that led to the end of the Fellows regime.
Callaway Golf Company paid a big price for George Fellows
