New CEO's compensation package was just detailed in an 8-K filing: base salary of CAD 1.2 million with USD 7 million long-term incentive plan (70% PSUs, 30% RSUs - vests Sep 2029):
Target Bonus: CAD 1.62 million
Sign-on Options: USD $2 million
Sign-on RSU: USD $2 million
Total Target Direct Pay: ~ 13.8 million (sum of 1st year salary, bonus and all equity grants)
5 replies (most recent on top)
If he shares the wealth with employees, gets new customers logos and sells our non-core division for top dollar he will be worth it. If not it’s millions down the sewer.
I mean it's a lot lower than Mark. Not saying much though, he was one of the most overpaid people on the planet.
Unless Ayman has a way to unite us, we will self destruct from within. Start with comp overlays so we work together in sales vs competing. We all benefit from cross selling, but currently there is no incentive to do so.
@ak it will take more than lipstick.
If he can turn this pig around then maybe it is money well spent.