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These stock grants will vest over time. The retention bonuses pay out in a year. A lot can be done to turn the ship around in a year. If they don't, the stock
by davidu 10y ago
These stock grants will vest over time.
The retention bonuses pay out in a year.
A lot can be done to turn the ship around in a year. If they don't, the stock grants (depending on issue price) will be worth a lot less than originally issued, and they'll mainly have a highly taxed bonus. The grants are to prevent opportunity cost of leaving from being considered.
If they turn it around, the stock grants will be easily worth it. The company was worth $3b+ weeks ago. Now it's dipped below $1.5b. If they can fix that, that's a small price to pay.