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Post by longliner on May 16, 2019 18:43:55 GMT -5
I like this response to shareholder concerns. We are now better aligned in our incentives.
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Post by awesomo on May 16, 2019 18:52:54 GMT -5
I like this response to shareholder concerns. We are now better aligned in our incentives. If they used their own money, yes, absolutely. Not if they just gift themselves stock options at bargain basement prices.
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Forms 4
May 16, 2019 18:54:03 GMT -5
Post by kenken on May 16, 2019 18:54:03 GMT -5
I think it is more important that the company should provide more options to many outdated Endos than to those underperformance employees. When I was at the helm of my last company, I got many options in the free account, offers from the salesman, if I decided to choose their products than other competitors. Paid vacation, meeting and conference, all expenses were included, of course. XDD...
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Post by mnholdem on May 16, 2019 19:05:47 GMT -5
At least they all have a major incentive to see the company succeed! If I wanted these stock awards to be a major incentive, I'd have set the exercise price at $3.
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Post by boca1girl on May 16, 2019 19:09:02 GMT -5
At least they all have a major incentive to see the company succeed! If I wanted these stock awards to be a major incentive, I'd have set the exercise price at $3. Normally stock option prices are set on the day of the grant.
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Post by goyocafe on May 16, 2019 19:13:31 GMT -5
If I wanted these stock awards to be a major incentive, I'd have set the exercise price at $3. Normally stock option prices are set on the day of the grant. I suspect mnholdem knows that. He’s adding a little facetious levity. But on a similar note, the stock dipped last year just before options were granted, so I suspect everyone that needs to know how these things work, do, and it seems it’s the one thing they do well.
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Post by radgray68 on May 16, 2019 20:33:05 GMT -5
USA Today says $11 million is average for a CEO I’d post the link but I’m riding in a car and I’ll get sick if I look down much more. Point is, CEO’s get 100’s or even 1000’s of times the average salary of employees while Mike C. gets about 10 - 15 times. It still seems steep for us common working folks, I know, but the job pays what it pays for a reason. Hope this helps some.
When he takes us from sub $250 million MC to over $4 billion, he’ll be dirt cheap by comparison to other CEO’s.
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Post by awesomo on May 16, 2019 20:46:36 GMT -5
USA Today says $11 million is average for a CEO I’d post the link but I’m riding in a car and I’ll get sick if I look down much more. Point is, CEO’s get 100’s or even 1000’s of times the average salary of employees while Mike C. gets about 10 - 15 times. It still seems steep for us common working folks, I know, but the job pays what it pays for a reason. Hope this helps some. When he takes us from sub $250 million MC to over $4 billion, he’ll be dirt cheap by comparison to other CEO’s. That article lists the average pay for a CEO at a S&P 500 company, so the biggest companies in the U.S. You can’t compare Castagna’s compensation to that. I’ll happily give him 10x+ raises if he ever got us anywhere near the S&P 500.
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Post by radgray68 on May 16, 2019 21:01:57 GMT -5
USA Today says $11 million is average for a CEO I’d post the link but I’m riding in a car and I’ll get sick if I look down much more. Point is, CEO’s get 100’s or even 1000’s of times the average salary of employees while Mike C. gets about 10 - 15 times. It still seems steep for us common working folks, I know, but the job pays what it pays for a reason. Hope this helps some. When he takes us from sub $250 million MC to over $4 billion, he’ll be dirt cheap by comparison to other CEO’s. That article lists the average pay for a CEO at a S&P 500 company, so the biggest companies in the U.S. You can’t compare Castagna’s compensation to that. I’ll happily give him 10x+ raises if he ever got us anywhere near the S&P 500. That’s why I said we’d need to get back to $4 billion MC to use just the top10% represented in the s&p 500. I’ll look at the other 4000 companie’s CEO salaries when I get out of the car. Getting queasy just typing this.
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Forms 4
May 16, 2019 21:08:51 GMT -5
via mobile
Post by sellhighdrinklow on May 16, 2019 21:08:51 GMT -5
That article lists the average pay for a CEO at a S&P 500 company, so the biggest companies in the U.S. You can’t compare Castagna’s compensation to that. I’ll happily give him 10x+ raises if he ever got us anywhere near the S&P 500. That’s why I said we’d need to get back to $4 billion MC to use just the top10% represented in the s&p 500. I’ll look at the other 4000 companie’s CEO salaries when I get out of the car. Getting queasy just typing this. Don't text and drive :--)
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Post by radgray68 on May 16, 2019 21:15:11 GMT -5
Russel 2000 may have more appropriate comps. I gotta do a deep dive for my own curiosity. To be continued.
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Post by longliner on May 16, 2019 22:52:25 GMT -5
At least they all have a major incentive to see the company succeed! If I wanted these stock awards to be a major incentive, I'd have set the exercise price at $3. We may all buy at this price. I don't understand complaining about the inequity in shareholder and management alignment as shareholders, then complaining about the issue price that brings the two more closely aligned. I did not like the .03% insider ownership, it's why I voted against all but Kresa on the latest vote. Message was received, and responded to. The familiar voices of dissent are at a fevered pitch, hopefully they will grow out of it.
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Post by ktim on May 16, 2019 23:09:14 GMT -5
If I wanted these stock awards to be a major incentive, I'd have set the exercise price at $3. We may all buy at this price. I don't understand complaining about the inequity in shareholder and management alignment as shareholders, then complaining about the issue price that brings the two more closely aligned. I did not like the .03% insider ownership, it's why I voted against all but Kresa on the latest vote. Message was received, and responded to. The familiar voices of dissent are at a fevered pitch, hopefully they will grow out of it. I guess you don't see how taking something of value for free from the company isn't exactly addressing the concern many have. Taking options in lieu of salary increase would have been much more palatable. Taking raises and large stock option grants under these circumstances isn't something to be "grown out of". It is valid complaint. It may be forgotten with time, but we're not childlike for feeling betrayed as our shares are diluted and theirs are increased... on top of raises.
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Post by longliner on May 16, 2019 23:42:57 GMT -5
We may all buy at this price. I don't understand complaining about the inequity in shareholder and management alignment as shareholders, then complaining about the issue price that brings the two more closely aligned. I did not like the .03% insider ownership, it's why I voted against all but Kresa on the latest vote. Message was received, and responded to. The familiar voices of dissent are at a fevered pitch, hopefully they will grow out of it. I guess you don't see how taking something of value for free from the company isn't exactly addressing the concern many have. Taking options in lieu of salary increase would have been much more palatable. Taking raises and large stock option grants under these circumstances isn't something to be "grown out of". It is valid complaint. It may be forgotten with time, but we're not childlike for feeling betrayed as our shares are diluted and theirs are increased... on top of raises. When acquired they will need to pay the same price you would pay today. The primary difference is you may sell the shares you buy, they will be required to hold them for a period of time.
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Post by longliner on May 17, 2019 0:04:22 GMT -5
I like this response to shareholder concerns. We are now better aligned in our incentives. If they used their own money, yes, absolutely. Not if they just gift themselves stock options at bargain basement prices. You too can buy today, at the same price they will pay when exercised. You too will have to use your own money. You will have freedom to sell that they will not. Speaking of which, excuse me while I put in a buy order.
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