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If you're the COO, and most of your compensation is in stock or bonuses related to the stock price, and the stock nearly triples during your reign (15.92 to 41.
by smackfu 13y ago
If you're the COO, and most of your compensation is in stock or bonuses related to the stock price, and the stock nearly triples during your reign (15.92 to 41.07)... you're going to get a big payout.
I also don't really buy that firing him cost this much, since much of it seems to have been a sunk cost. That stock was going to vest eventually whether he was fired or not, it just vested faster because he was fired.
- stingraycharles 13y agoThis needs to be higher on top, because it appears to be a point many people are missing.
- hkphooey 13y agoThere should be claw-back provisions if an employee don't perform.