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Given that he quit just in six months, probably he did not even wait for his RSU grants to mature (1 year cliff for stock grants). The situation might be much w
by israrkhan 10y ago
Given that he quit just in six months, probably he did not even wait for his RSU grants to mature (1 year cliff for stock grants). The situation might be much worse that what appears.
- onion2k 10y agoI'd guess the real problem is that Jones can't change things without other upper management agreeing to his proposals, and they're not agreeing.
- jonathankoren 10y agoI really don't think he needs the money after being CMO at Target. This is what having fuck-you-money gets you: The ability to walk away not care about the financial consequences.
- xapata 10y agoTarget CMO gets you 10s of millions ($7 million comp last year), or a bit over 100 million after a decade or so. People are funny. Millionaires get billionaire-envy and are sometimes willing to risk jail to add the extra zeros. https://en.wikipedia.org/wiki/Rajat_Gupta https://en.wikipedia.org/wiki/Rajat_Gupta
- sumedh 10y agoI just read his wiki page, obviously a brilliant man, its a shame that he went down this path.
- xyzzy4 10y agoOr maybe he thinks his current mansions, sports cars, and retirement funds are good enough?
- trevyn 10y agoLeadership compensation does not work in the same way as rank and file compensation.
- jaytaylor 10y agoNot necessarily true. I've seen it work both ways, so probably best to leave it at "we don't know the details of the compensation arrangement".
- goseeastarwar 10y agoThat's correct, but that has more to do with what happens at termination or liquidity events. It's very likely he had to forfeit everything, including any signing bonus (1 year timebomb is standard).