Thread regarding NetApp layoffs

Netapp CEO Compensation

From the most recent Proxy Statement with SEC

CEO George Kurians 2015 Base Salary was $500k and in Fiscal 2016 it is $800k a jump of 60%.

His Total Compensation for the year 2014,2015 and 2016 is 2.8Million, 4.0 million and 9.5 million.

meaning his total compensation has more than doubled each year in the past 3 years.

Based on the same Proxy statement, the stock has dropped by 33% (negative 33%) between fiscal 2015 and 2016.

How come a CEO can get such a pay hike when the stock is faltering, revenues are down and you have incesssant layoffs?

by Anonymous
| 2031 views | | 4 replies (last August 12, 2016) | Reply
Post ID: @OP+IPvH8Sl
Comment! It's anonymous!

4 replies (most recent on top)

Netapp culture modeled from the top - crap rises. Let's promote people and incentivize the bad behaviors.

by Anonymous
| | Reply
Post ID: @1vft+IPvH8Sl

If Kurian's compensation is tied to stock prices and stock options, a good way to goose the NTAP stock price up is to have layoffs, since layoffs reduce cost and help the bottom line.

Therefore, expect more layoffs because I don't see anything from Kurian or the NTAP E-team that would help increase the top line (revenues)

by Anonymous
| | Reply
Post ID: @bdq+IPvH8Sl

The layoffs are how. Fire a bunch of people and take their money.

by Anonymous
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Post ID: @lmk+IPvH8Sl

This souless man has no idea what leadership really means.

by Anonymous
| | Reply
Post ID: @vnv+IPvH8Sl

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