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FedEx CIO Robert Carter Pay Hikes 80%
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<blockquote data-quote="59 Dano" data-source="post: 1011702" data-attributes="member: 23516"><p>For the same reason you'd quit if your pay was cut to minimum wage but your responsibilities stayed the same. It's not worth it. </p><p></p><p> </p><p></p><p>They can go about that in 1 or 2 ways. They can issue new shares of stock for this purpose. Doing so decimates the value of existing stock, the new stock that's given to the exec, and the stock that's given to the employees. All of which defeat the purpose. The other way is to release those shares from the pool that they keep on hand for that very purpo<em>se. </em>Doing that would be so prohibitively expensive as to render the whole concept impractical.</p><p></p><p>So in the case of the former, everyone gets something that's worthless. In the case of the latter, no one gets anything. So I guess we can choose between not getting anything or getting something that's not worth anything.</p></blockquote><p></p>
[QUOTE="59 Dano, post: 1011702, member: 23516"] For the same reason you'd quit if your pay was cut to minimum wage but your responsibilities stayed the same. It's not worth it. They can go about that in 1 or 2 ways. They can issue new shares of stock for this purpose. Doing so decimates the value of existing stock, the new stock that's given to the exec, and the stock that's given to the employees. All of which defeat the purpose. The other way is to release those shares from the pool that they keep on hand for that very purpo[I]se. [/I]Doing that would be so prohibitively expensive as to render the whole concept impractical. So in the case of the former, everyone gets something that's worthless. In the case of the latter, no one gets anything. So I guess we can choose between not getting anything or getting something that's not worth anything. [/QUOTE]
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