He was a retired medical director at Pilgrim State Psychiatric Center, giving his time.

The bride's father is a retired director of engineering for the Bedford Central School District.

Her father is a retired regional director in north Florida for the United States Department of Labor.

They allocated $300 million for the retired directors.

Apart from the money itself, some of the retired directors say that the current directors should at least have consulted with them before selling the firm.

The arrangement permitted retired directors to benefit from rising profits.

That was supposed to assure the retired directors that the company could not be sold without their participation.

Since the assets were not formally sold, approval of the retired directors was not required.

He contends that the only legal obligation was to see that the retired directors received the money specified in their contracts.

Still, the sense of betrayal among the retired directors is strong.