John Shepard III remained with the station as general manager under a five - year contract .
The transactions , and the closing of the Shepard Stores location in Boston , were viewed as a strategy to convert the elder Shepard 's assets to cash .
Shepard     remained with the station as general manager under a five - year contract .
The transactions , and the closing of the Shepard Stores location in Boston , were viewed as a strategy to convert the elder Shepard 's assets to cash .