Gee, Oaky, what a difference a few weeks makes! One minute you're singing the praises of management at the investor briefing for a job well done, bright future, next they're all a bunch of greedy beggars lining their pockets at the expense of shareholders.
Has it escaped everyone's attention that Alan's options are exercisable at market price, not even a % discount VWAP? What will we poor suffering shareholders be saying if the common stock is $10+ at exercise date and he has to stump up $7,500,000 to exercise the options? Hardly exhorbitant recompense.
Sure the restricted stock is there to relieve some of that pain, but yet again, as he has always done, he backs himself and the company with his own not insignificant money. The options are an act of belief in himself to lead the company to a higher place for the benefit of all shareholders.
A lesser CEO would have just taken the shares.
I'll always vote for a CEO who backs himself and leads the company by example.
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