MORNING ROUNDUP: Google Tipster Fired After Leaking Raise Memo
Plus: MGM co-CEO is getting paid $375K a month on top of his $1.3 million retainer to navigate the bankruptcy, the original Eddie Munster has checked into rehab and George W. Bush's memoir doesn't beat Bill Clinton's debut despite the Kanye West drama.
- Google fired an employee who leaked a memo this week that showed that the Internet giant plans to give its employees a 10% pay hike in 2011 in order to retain top talent, CNNMoney.com reported. The name of the leaker was not disclosed. Fortune first obtained the announcement Tuesday. A Google spokesperson told CNN: "While we don't typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company."
- MGM is paying co-CEO Stephen Cooper and his team $375,000 a month on top of a $1.3 million retainer paid to his firm to help guide the studio through bankruptcy, the New York Post reports, citing MGM court filings. The 64-year-old restructuring expert could also earn a $4 million so-called "success fee" once MGM emerges from Chapter 11, the paper said.
- The Daily Beast and Newsweek have resumed discussions about a possible merger, the New York Post reports. Discussions broke down between Beast owner Barry Diller, editor in chief Tina Brown and Newsweek's new owner Sidney Harman in October over editorial control and power. Neither Brown nor Harman commented.
- George W. Bush's memoir Decision Points sold 220,000 copies in its first day of release, making it Random House's biggest non-fiction debut since Bill Clinton's My Life in 2004, which sold 400,000 copies. Bush has been on the talk-show circuit promoting his tome, and received considerable press when he admitted the worst moment of his presidency was when Kanye West called him racist for the way he handled Hurricane Katrina.
- The original Eddie Munster actor, Butch Patrick, has checked himself into a New Jersey rehab facility to battle his 40-year addiction to cocaine, marijuana and alcohol, his rep confirmed to TMZ.com. Patrick aims to "get a grip on his addiction and educate himself," says the rep, adding that his family has been urging him to get treatment for 30 years and they're "very happy and supportive" of the decision. Adds Patrick's rep: "We have thought he could possibly be a product of the child star problem ... and are thankful he will take control of his fate."