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LTIP for the CEO, COO & CFO
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<blockquote data-quote="pretzel_man" data-source="post: 501950" data-attributes="member: 927"><p>Everyone is impacted by the non growth and drop in share price.</p><p> </p><p>As I recall, Jim Casey said that our people will grow as the company grows. He spoke of the need to grow often. Its still true today.</p><p> </p><p>Everyone is hurt by the non growth, but I would argue that division managers are especially impacted. (and so they should be)</p><p> </p><p>Division managers were awarded options at $54 with expected 11% growth. They are worthless. </p><p> </p><p>In the old days, they could count on those options being worth something in 5 years. At least they now get the RSU's. The net worth of division managers today vs. 20 years ago is hugely different and its because of the lack of growth. The same would be true for grade 20's and up. When so much of your pay is incentive based (and deferred), that has to be the case.</p><p> </p><p>They don't have a right to complain. It goes with the territory.</p><p> </p><p>The same is true for the rest of management. We need the company and stock to grow.</p><p> </p><p>BTW, I do not believe it true that supervisors and managers are leaving in droves. The last numbers I saw showed attrition about the same for the last few years.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 501950, member: 927"] Everyone is impacted by the non growth and drop in share price. As I recall, Jim Casey said that our people will grow as the company grows. He spoke of the need to grow often. Its still true today. Everyone is hurt by the non growth, but I would argue that division managers are especially impacted. (and so they should be) Division managers were awarded options at $54 with expected 11% growth. They are worthless. In the old days, they could count on those options being worth something in 5 years. At least they now get the RSU's. The net worth of division managers today vs. 20 years ago is hugely different and its because of the lack of growth. The same would be true for grade 20's and up. When so much of your pay is incentive based (and deferred), that has to be the case. They don't have a right to complain. It goes with the territory. The same is true for the rest of management. We need the company and stock to grow. BTW, I do not believe it true that supervisors and managers are leaving in droves. The last numbers I saw showed attrition about the same for the last few years. P-Man [/QUOTE]
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