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LTIP for the CEO, COO & CFO
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<blockquote data-quote="pretzel_man" data-source="post: 641801" data-attributes="member: 927"><p>I've been here 34 years.... The biggest change I see is the competition and lack of growth. These two things have led to lack of stock growth.</p><p> </p><p>In the old days, our mistakes were covered by growth. We knew that the hard work paid off at the end of the year with growth of stock.</p><p> </p><p>Today, the competition has a much lower cost structure. We can no longer get by with the cookie cutter approach. We are forced to be leaner. I don't think that the work is really harder today, but its much, much different.</p><p> </p><p>However, today we are not rewarded with stock growth. </p><p> </p><p>By the way, the lack of growth has even larger impacts at higher levels....</p><p> </p><p>Stock options from 10 years ago just expired. They were awarded at $50. When they exired the stock was about $56. The next ones to expire are at $56 I think. It gets much worse after that. In the old days, a division manager (or higher) could expect those options to be worth a tremendous amount. </p><p> </p><p>The point is NOT to feel sorry for these executives. They knew what they were signing up for. But they are not the source of the problem. Competition and lack of growth is.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 641801, member: 927"] I've been here 34 years.... The biggest change I see is the competition and lack of growth. These two things have led to lack of stock growth. In the old days, our mistakes were covered by growth. We knew that the hard work paid off at the end of the year with growth of stock. Today, the competition has a much lower cost structure. We can no longer get by with the cookie cutter approach. We are forced to be leaner. I don't think that the work is really harder today, but its much, much different. However, today we are not rewarded with stock growth. By the way, the lack of growth has even larger impacts at higher levels.... Stock options from 10 years ago just expired. They were awarded at $50. When they exired the stock was about $56. The next ones to expire are at $56 I think. It gets much worse after that. In the old days, a division manager (or higher) could expect those options to be worth a tremendous amount. The point is NOT to feel sorry for these executives. They knew what they were signing up for. But they are not the source of the problem. Competition and lack of growth is. P-Man [/QUOTE]
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