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"Financial details of Stumpf's retirement plan are unknown, but Equilar estimates he walks with $134.1 million from retirement. The package remains that large e

• carsongross 10y ago
  How do you "give up" unvested stock?
  • vkou 10y ago
    Get fired or quit before it vests. (Conditional on your contract.) Edit: If you are a C-level executive, your contract may stipulate that you get unvested stock, even if you're fired. It's possible that John Strumpf chose not to exercise any such clause, but I strongly doubt it. The man is a psychopath.
    • carsongross 10y ago
      Right, but that seems like it's being extremely deceptive: when you quit or get fired you stop vesting. It isn't clawed back in any meaningful way. When you or I leave a startup, we don't talk about our unvested options getting "clawed back".
      • tedmiston 10y ago
        > when you quit or get fired you stop vesting Generally true, but sometimes there is vesting acceleration upon termination [1]. (I have no idea how much it's used in the banking world; just that it exists.) [1]: http://venturehacks.com/articles/acceleration-termination http://venturehacks.com/articles/acceleration-termination
• zbyte64 10y ago
  He only gets to walk away with $90 million. That will send a clear signal to the other execs to not encourage fraud. /s.