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Post by nylefty on Dec 31, 2018 21:50:31 GMT -5
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Post by dejude42 on Dec 31, 2018 22:08:59 GMT -5
I worry about the intent of an individual that posts this type of information. Many high level individuals earn more and are doing less work. This company has done a great turn around, many claimed it to be dead years ago. Naysayers abound and post with ease to harm, before judgement let us see what Friday brings. In my opinion this site should be removed.
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Post by mnkdfann on Dec 31, 2018 22:23:47 GMT -5
Matt also said: "A firm can either pay the going rate for a CEO, CFO, or medical director or they can expect to have their executives hired away by a competitor willing to pay more. If MNKD wants competent executives, they have to pay the market rate or do with inferior talent." While the reported compensation figures may be inflated (and potentially misleading), they may be inflated a lot or only a little for any particular individual. IOTW, if these Mannkind executives are as good as many insist they are, I doubt they are being paid chicken-feed. |
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Post by sportsrancho on Dec 31, 2018 22:24:19 GMT -5
If you just tap on the salary it shows you how much is salary and how much are options. Or bonuses, it’s all right there it’s pretty clear.
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Post by agedhippie on Jan 1, 2019 6:36:49 GMT -5
They are seriously overpaying the CTO.
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Post by sayhey24 on Jan 1, 2019 9:18:21 GMT -5
They are seriously overpaying the CTO. Time will tell. 2019 will be the year of reckoning.
If he is able to turn MNKD into the growth company and get it back to its $55pps is he being paid enough? While we would all like to see things move faster they are moving in the right direction. Today, the lights are still on and the open for business sign is on the door. One year ago many bet this would not be the case.
Lets see how Dr. Kendall can help out since he thinks this is the easiest job he has ever had.
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Post by mnkdfann on Jan 1, 2019 9:33:54 GMT -5
They are seriously overpaying the CTO. Time will tell. 2019 will be the year of reckoning.
If he is able to turn MNKD into the growth company and get it back to its $55pps is he being paid enough?
You think the CTO (technology officer) will do that? |
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Post by mnkdfann on Jan 1, 2019 9:37:12 GMT -5
If he is able to turn MNKD into the growth company and get it back to its $55pps is he being paid enough? While we would all like to see things move faster they are moving in the right direction. Today, the lights are still on and the open for business sign is on the door. One year ago many bet this would not be the case.
Seriously, I doubt that many if any made such an all or nothing bet. More than likely they invested (buying puts, shorting, etc.) in such a way that they would profit if the SP went down. And they won that bet. Happy New Year, and GLTATL in 2019. |
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Post by matt on Jan 1, 2019 9:52:34 GMT -5
To truly understand the executive compensation you have to dive into the DEF-14A to see the breakdown. The link above showed that Mike earned $1,333 in 2017, but that was made up of:
Salary $458
Option Awards $606
Bonus $247
401(k) match $ 21
I can tell you that $450K in salary is pretty average pay for a CEO in the industry for a company of this size and stage of development (VPs of a company typically make $300K and up, especially the CFO). Bonuses usually top out at 50% of base salary for the CEO, so the bonus may be a little high but only a little (VP's usually get 20-35% of base salary in bonus).
The options award is likely worthless given the stock price performance, but the SEC makes the company include it anyway. So yes, according to SEC rules Mike's total compensation was $1,333 but he only received about half of that in cash. MNKD will not get an experienced and competent CEO with pharma experience for less. Some of the VPs look overpaid to me (especially the general counsel) but the other numbers are within the average range for the industry.
Bottom line, the option and restricted stock awards skew the executive compensation numbers. Matt Pfeffer "received" $3.4 million in total compensation for 2016, but $2.7 million was option awards that likely expired unexercised. So did Matt P. make $3.4 million that year or did he make closer to $700 thousand? The SEC says $3.4 million, but Mrs. Pfeffer looking into their joint checking account would say he earned less than $400 thousand after taxes (which is all she cares about when buying groceries, making the mortgage payment, and paying the electric bill). Whether any given number is excessive depends on your perspective.
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Post by akemp3000 on Jan 1, 2019 9:58:28 GMT -5
This company is so much better off today than any time in the past ten years excluding the pps which will hopefully move up in 2019. The balance sheet is better. The debt is reduced. Afrezza sales are climbing. The pipeline and international partnerships are improving. The future looks bright yet some are focusing on small issues in the big picture, i.e. salaries and the recent stock sale. Don't get me wrong. I'm not happy about those issues either and look forward to hearing Mike's upcoming conference call. I just don't agree with some of the strong language about "last chance" and "putting pressure" on management. I do enjoy hearing the variety of opinions. I just wanted to share my two cents in that I like "most" of everything Mike's done in his brief time as CEO and am giving him the benefit of the doubt unless I hear something a lot more negative than these issues. IMO, Mike should continue with the progress and the pps will follow. Just one opinion.
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Post by agedhippie on Jan 1, 2019 11:40:55 GMT -5
This company is so much better off today than any time in the past ten years excluding the pps which will hopefully move up in 2019. The balance sheet is better. The debt is reduced. ... There is nothing clever there. Anyone can reduce debt (improve the balance sheet) if they are prepared to dilute the stock which is what was done. The cash has to come from somewhere and since there is no profit it comes from the shareholders in the form of dilution which is why you cannot exclude the PPS. |
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Post by agedhippie on Jan 1, 2019 11:43:46 GMT -5
They are seriously overpaying the CTO. Time will tell. 2019 will be the year of reckoning.
If he is able to turn MNKD into the growth company and get it back to its $55pps is he being paid enough? While we would all like to see things move faster they are moving in the right direction. Today, the lights are still on and the open for business sign is on the door. One year ago many bet this would not be the case.
Lets see how Dr. Kendall can help out since he thinks this is the easiest job he has ever had.
I don't think Dr Kendall is the CTO  |
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Post by gamblerjag on Jan 1, 2019 13:49:00 GMT -5
They are seriously overpaying the CTO. Time will tell. 2019 will be the year of reckoning.
If he is able to turn MNKD into the growth company and get it back to its $55pps is he being paid enough? While we would all like to see things move faster they are moving in the right direction. Today, the lights are still on and the open for business sign is on the door. One year ago many bet this would not be the case.
Lets see how Dr. Kendall can help out since he thinks this is the easiest job he has ever had.
hey sey , Minor difference of opinion on $55… I think we need to see mankind get to that same market cap which would be about $20 due to dilution… Of course would love to see $55 and a 11 billion market cap but think that might take 2 to 3 years :-) |
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Post by longliner on Jan 1, 2019 14:09:23 GMT -5
Time will tell. 2019 will be the year of reckoning.
If he is able to turn MNKD into the growth company and get it back to its $55pps is he being paid enough?
You think the CTO (technology officer) will do that? Part of the team. |
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Post by akemp3000 on Jan 1, 2019 14:27:38 GMT -5
This company is so much better off today than any time in the past ten years excluding the pps which will hopefully move up in 2019. The balance sheet is better. The debt is reduced. ... There is nothing clever there. Anyone can reduce debt (improve the balance sheet) if they are prepared to dilute the stock which is what was done. The cash has to come from somewhere and since there is no profit it comes from the shareholders in the form of dilution which is why you cannot exclude the PPS. For years, critics of Mannkind claimed debt was too high, there was difficulty closing financial deals and bankruptcy was inevitable. Mike comes in, cleans up the balance sheet, reduces debt, improves sales and pipeline and now suddenly there's nothing clever there?? Nothing clever here  |
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