I see: The first tranche requires him to achieve a P/E ratio of about 400 if the other graphs stay flat, or maybe 500 with some decline. I've heard of higher P/

I see: The first tranche requires him to achieve a P/E ratio of about 400 if the other graphs stay flat, or maybe 500 with some decline. I've heard of higher P/E ratios in growing companies, but that's a real challenge for a stable or even declining company… it ought to keep him busy. Which would be no bad thing.