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Scott makes more than Mike
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<blockquote data-quote="PobreCarlos" data-source="post: 499197" data-attributes="member: 16651"><p>Guys;</p><p> </p><p>Something that might be noted here is that, of the estimated $5.2 million, "stock and option awards the company valued at $4,001,706 ON THE DAYS THEY WERE GRANTED" made for the bulk of the compensation. No direct knowledge here, but my guess is that those stock/options awards aren't worth nearly what they were anticipated to be when "awarded" and - if not already exercised - are currently "under water"...and worth nothing. For example, he might well have received an option of $50/share late in 2008...which would be anticipated if exercized today to generate a whole lot of money in price differential. However, given today's reality, Scott would actually LOSE money if he moved in that direction now; i.e. - the hourly - or anyone on the open market, for that matter - has a much better "option" at purchasing shares at today's closing price than Scott may have had in 2008. IN truth, his actual salary might be a lot closer to the $1.1 million or so of his direct compensation than to the $5.2 million reported.</p><p> </p><p>Not exactly poorhouse wages, I'll grant you....but a far cry from what the perception seems to be.</p></blockquote><p></p>
[QUOTE="PobreCarlos, post: 499197, member: 16651"] Guys; Something that might be noted here is that, of the estimated $5.2 million, "stock and option awards the company valued at $4,001,706 ON THE DAYS THEY WERE GRANTED" made for the bulk of the compensation. No direct knowledge here, but my guess is that those stock/options awards aren't worth nearly what they were anticipated to be when "awarded" and - if not already exercised - are currently "under water"...and worth nothing. For example, he might well have received an option of $50/share late in 2008...which would be anticipated if exercized today to generate a whole lot of money in price differential. However, given today's reality, Scott would actually LOSE money if he moved in that direction now; i.e. - the hourly - or anyone on the open market, for that matter - has a much better "option" at purchasing shares at today's closing price than Scott may have had in 2008. IN truth, his actual salary might be a lot closer to the $1.1 million or so of his direct compensation than to the $5.2 million reported. Not exactly poorhouse wages, I'll grant you....but a far cry from what the perception seems to be. [/QUOTE]
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