CNN Paid Lou Dobbs $8 Million To Leave

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By Douglas A. McIntyre Updated Published
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TVLou Dobbs and his ranting and raving about immigration and whether the president was born in the US finally cost him his job. He and his employer CNN spun it differently. Dobbs implied that he was moving on to bigger things which might include a run at national office.

As it turns out, according to The New York Post, Dobbs got $8 million as he left the CNN headquarters, suddenly, last week.

Dobbs has become a first class eccentric who sometimes carries a gun and send off a kind of manic signal while on the air. He began his career at CNN as a humble financial news anchor. He somehow got the network to allow him to move onto bigger things. He had become, for better or worse. CNN’s answer to Bill O’Reilly.

Dobbs ended up being an anachronism at CNN which has decided to bet it financial life on delivering hard news around the clock. That is in stark contrast to Fox and MSNBC which have become homes to commentary and not the straight “speak the news into the camera” cable networks that they once were.

Dobbs can take his $8 million and run for Senate. He may still have to explain why he thinks Obama is not a US citizen.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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