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The truth behind the 1.6 MIP for this year
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<blockquote data-quote="blah blah blah" data-source="post: 171316"><p>Channahon, two questions:</p><p></p><p>1) How many years did you have to wait to get your 2 units? We wait 5.</p><p></p><p>2) How many of your options (which were on top of your 2 units) were worth the same or less when exercised? Did you want 6 years for no gain? That's what's happening to us.</p><p></p><p>You knew how your MIP was calculated - 15% of gross earnings. The current MIP calculation is "confidential." We're currently granted RSUs based on someone's whim. They don't appreciate, but we can't sell them and buy a better investment. The RSUs aren't over and above the units granted, they're a part of them...totally different than your situation. One other note - you can't hypo a RSU. Yep - I'm irked about it.</p></blockquote><p></p>
[QUOTE="blah blah blah, post: 171316"] Channahon, two questions: 1) How many years did you have to wait to get your 2 units? We wait 5. 2) How many of your options (which were on top of your 2 units) were worth the same or less when exercised? Did you want 6 years for no gain? That's what's happening to us. You knew how your MIP was calculated - 15% of gross earnings. The current MIP calculation is "confidential." We're currently granted RSUs based on someone's whim. They don't appreciate, but we can't sell them and buy a better investment. The RSUs aren't over and above the units granted, they're a part of them...totally different than your situation. One other note - you can't hypo a RSU. Yep - I'm irked about it. [/QUOTE]
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The truth behind the 1.6 MIP for this year
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