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Post by kdaddyfresh2000 on May 17, 2017 16:37:55 GMT -5
Thank you.
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Post by ssiegel on May 17, 2017 17:39:11 GMT -5
A trivial question --why do they hold the meeting in Danbury? Why not at their southern Cal office? Wouldn't that save at least a little money on management travel expenses?
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Deleted
Deleted Member
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Post by Deleted on May 17, 2017 22:26:23 GMT -5
If management truely cared about their cash flow they would not have paid Diane P. and Hakan E. for two additional years after their employement.
Over the past 10 years, management and the Board have taken close to $10M in salary and compensation.
If they were in the NBA, they'd never make it out of the development (D) league.
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Post by bradleysbest on May 17, 2017 22:29:51 GMT -5
I also wish the ASM was in So Cal. We need significant POSITIVE news tomorrow!
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Post by tiberious on May 17, 2017 23:01:58 GMT -5
If management truely cared about their cash flow they would not have paid Diane P. and Hakan E. for two additional years after their employement. Over the past 10 years, management and the Board have taken close to $10M in salary and compensation. If they were in the NBA, they'd never make it out of the development (D) league. back around 2012 a few of us came up with the moniker "The 3.2 club" because the ELT (and the comp committee) somehow thought it was necessary to grant themselves a collective 3.2 Million options. Mind you there were only like 6 of them. Had the company fared better they would have made out like bandits. |
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Post by orlon on May 17, 2017 23:33:47 GMT -5
Hard to hold them accountable when they hold all the cards....or votes. My guess for anything but the same old BS? Same old BS.
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Post by derek2 on May 18, 2017 5:11:54 GMT -5
If management truely cared about their cash flow they would not have paid Diane P. and Hakan E. for two additional years after their employement. Over the past 10 years, management and the Board have taken close to $10M in salary and compensation.If they were in the NBA, they'd never make it out of the development (D) league. Make that $110M The only MNKD Millionaires. I predict there will be no heat brought on management, in deference to Charles Maddocks. |
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Post by silentknight on May 18, 2017 6:48:58 GMT -5
If management truely cared about their cash flow they would not have paid Diane P. and Hakan E. for two additional years after their employement. Over the past 10 years, management and the Board have taken close to $10M in salary and compensation.If they were in the NBA, they'd never make it out of the development (D) league. Make that $110M The only MNKD Millionaires. I predict there will be no heat brought on management, in deference to Charles Maddocks. There will be no heat today. MNKD shareholders have proven that they aren't interested in holding management accountable for the company's downfall over the past few years, evidenced by the continued employment of the Board and many members of management. The same will hold true for today I imagine. We'll get questions related to "When can we see results?" and MNKD will loft the same BS answers they've been giving us for years now. MNKD shareholders will buy it, sit down, and continue to watch the executives get rich off our backs while we remain underwater. It's like a broken record. One, just one person aught to stand up and ask how they can justify their salaries in the face of such poor performance. |
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Post by matt on May 18, 2017 8:16:29 GMT -5
Make that $110M The only MNKD Millionaires. To be fair, how much of that $110M was the value of option-based compensation that was never in-the-money? At one point, during the dot-com silliness when the valuation of darn near every stock went crazy, I managed to hold options that were worth $28 million, but by the time they were vested and exercisable the value was precisely $0. My wife, dutiful mother of three, reminded me more than once that the local grocery store did not accept option shares at the checkout. The point is, before you take the total compensation number from the DEF 14A filings, you need to understand what part is cash, what part is normal employee benefits (health insurance for example), what part is cash bonus, and what part is fantasy earnings that the employee may never see. I do think MNKD employees are generously compensated given market norms, especially given company non-performance, but the real value of their packages are not nearly as lucrative as many think. Nobody pocketed $110 million. |
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Post by scoy on May 18, 2017 8:36:54 GMT -5
Make that $110M The only MNKD Millionaires. To be fair, how much of that $110M was the value of option-based compensation that was never in-the-money? At one point, during the dot-com silliness when the valuation of darn near every stock went crazy, I managed to hold options that were worth $28 million, but by the time they were vested and exercisable the value was precisely $0. My wife, dutiful mother of three, reminded me more than once that the local grocery store did not accept option shares at the checkout. The point is, before you take the total compensation number from the DEF 14A filings, you need to understand what part is cash, what part is normal employee benefits (health insurance for example), what part is cash bonus, and what part is fantasy earnings that the employee may never see. I do think MNKD employees are generously compensated given market norms, especially given company non-performance, but the real value of their packages are not nearly as lucrative as many think. Nobody pocketed $110 million. Here's how much people made exercising options: 2013: 3.1 million 2014: 14.9 million 2015: 6.2 million 2016: 0.1 million Agreeing with Matt, as you can see the recent option grants have been in the category "fantasy earnings". |
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Post by derek2 on May 18, 2017 9:04:44 GMT -5
Make that $110M The only MNKD Millionaires. To be fair, how much of that $110M was the value of option-based compensation that was never in-the-money? At one point, during the dot-com silliness when the valuation of darn near every stock went crazy, I managed to hold options that were worth $28 million, but by the time they were vested and exercisable the value was precisely $0. My wife, dutiful mother of three, reminded me more than once that the local grocery store did not accept option shares at the checkout. The point is, before you take the total compensation number from the DEF 14A filings, you need to understand what part is cash, what part is normal employee benefits (health insurance for example), what part is cash bonus, and what part is fantasy earnings that the employee may never see. I do think MNKD employees are generously compensated given market norms, especially given company non-performance, but the real value of their packages are not nearly as lucrative as many think. Nobody pocketed $110 million. That's a fair comment. I'll take a look at the 10-Ks and get back to the board an exercised options, salary and bonus for named officers and BOD members for 2007 to present. I'm a little busy right now, but will take a look tonight. |
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Post by ssiegel on May 18, 2017 10:12:19 GMT -5
To be fair, how much of that $110M was the value of option-based compensation that was never in-the-money? At one point, during the dot-com silliness when the valuation of darn near every stock went crazy, I managed to hold options that were worth $28 million, but by the time they were vested and exercisable the value was precisely $0. My wife, dutiful mother of three, reminded me more than once that the local grocery store did not accept option shares at the checkout. The point is, before you take the total compensation number from the DEF 14A filings, you need to understand what part is cash, what part is normal employee benefits (health insurance for example), what part is cash bonus, and what part is fantasy earnings that the employee may never see. I do think MNKD employees are generously compensated given market norms, especially given company non-performance, but the real value of their packages are not nearly as lucrative as many think. Nobody pocketed $110 million. That's a fair comment. I'll take a look at the 10-Ks and get back to the board an exercised options, salary and bonus for named officers and BOD members for 2007 to present. I'm a little busy right now, but will take a look tonight. Whatever they've taken home, it seems more pertinent to ask what they've done to earn it. |
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Post by mnkdfann on May 18, 2017 10:48:25 GMT -5
To be fair, how much of that $110M was the value of option-based compensation that was never in-the-money? At one point, during the dot-com silliness when the valuation of darn near every stock went crazy, I managed to hold options that were worth $28 million, but by the time they were vested and exercisable the value was precisely $0. My wife, dutiful mother of three, reminded me more than once that the local grocery store did not accept option shares at the checkout. The point is, before you take the total compensation number from the DEF 14A filings, you need to understand what part is cash, what part is normal employee benefits (health insurance for example), what part is cash bonus, and what part is fantasy earnings that the employee may never see. I do think MNKD employees are generously compensated given market norms, especially given company non-performance, but the real value of their packages are not nearly as lucrative as many think. Nobody pocketed $110 million. Here's how much people made exercising options: 2013: 3.1 million 2014: 14.9 million 2015: 6.2 million 2016: 0.1 million So you're saying they did cash in $24.3 million option-based compensation? The $110 million mentioned earlier was salary and compensation POSSIBLY including some option-based compensation (I think whether option-based compensation was included or not wasn't clear from derek's post). So in any case add that $24.3 million to the regular salary and non-option compensation (whatever it may be) and I think it is still more than lucrative enough. |
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