Quote:
Originally Posted by Papa_Complex
All of you who are blaming this on labour, remember that there are two sides to the coin. In this time when sales are down and they're working at a loss, Keith Wandell took over $6M in various forms of compensation. Hell, he took over $600K in 'bonus.' Don't you get a bonus when the company is performing well, not when it's flagging?
Salary: $650,025.00
Bonus: $780,030.00
Restricted stock awards: $2,858,007.00
All other compensation: $22,515.00
Option awards $: $2,053,002.00
Total Compensation $6,363,579.00
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I agree to an extent, but we all need to keep in mind that option awards and restricted stock awards means jack shit if the price of the stock declines. Plus, we don't know the terms of those awards. The option award is simply an option to buy stock at a specific price. Also, option awards typically have an expiration date. If he's awarded options with a strike price of $20, but the price never reaches that point by expiration (or does, but he doesn't exercise the options and price drops back down), he's got a worthless piece of paper (Unfortunately, I've shredded a few worthless pieces of paper from my previous job). Most option awards and restricted stock awards require that you be vested for a certain amount of time after receiving the award. That may not be the case here, but we don't know the specifics of these awards.
I'm simply saying that his compensation may not actually be the 6 mil figure you're citing because $4mil of that amount could literally mean jack shit if the price of the stock goes nowhere.