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Conoco's new $600,000 a year consultant: former chairman signs contract with DuPont as spinoff speculation grows. (Conoco Inc.'s ex-chairman Constantine Nicandros)
Constantine Nicandros, the former chairman and chief executive officer of Conoco Inc., has received a two-year consulting contract from Conoco's parent company and has moved into plush offices at the Park Laureate building.
The world-renowned Conoco chief, who retired as chairman of the company on Feb. 29, was retained as a consultant by Conoco's parent, DuPont, for $50,000 a month plus expenses. His contract runs through the end of 1997.
Some Wall Street analysts speculate that the move to keep Nicandros close to his former company is part of a plan by DuPont to divest its oil subsidiary.
A DuPont official downplays such rumors and contends that the …
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