1. These CEOs Could Earn Millions From Stock Awards Valued at Zero - Bloomberg

    These CEOs Could Earn Millions From Stock Awards Valued at Zero - Bloomberg

    As scrutiny of executive compensation intensifies, some companies are using a little-known technique that keeps potential payouts under the radar. Six Flags Entertainment Corp. and Tempur Sealy International Inc. have awarded millions of dollars in stock to top bosses and given the equity a unique value: zero. To use that figure, the companies set performance targets they said were unlikely to be met ...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Quotes

    1. It's very unusual for a compensation committee to grant a performance award that really has no hope of being earned.
    2. Giving a big equity award upfront is much more common among hedge funds and private equity firms than public companies.
    3. The approach to reporting compensation was absolutely transparent and followed all SEC and legal reporting requirements.
  3. Topics Mentioned

  4. Authors