In addition to his pay check here’s what Marvin gets or has gotten since joining Lowe’s (compare to what you have received since Marvin arrived)
Base pay of 1.45 million
Restricted Stock of 6 million
Stock options
4 weeks vacation
$12,000 annually for financial planning services (you would think a ceo would know how to manage money)
- 5 million in stock that will vest after he has been with Lowe’s 3 years
Bonus of up to 200% of his annual salary
The board has to consider him for the chairman’s position within 3 years
He can’t work for another home improvement retailer for two years if he quits