Wait, her salary is being cut 81%? Makes a great headline, but salary is only a small part of her total comp so it’s more smoke and mirrors. When the stock triples (to $30 ha!!), she will still make a k–ling with the stock-based comp they handed out in feb. Read the Proxy!!!!
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The restricted stock would not be “underwater” at $30; assuming $40 at issuance in feb it would still be worth millions - duh!!! Thus, the “80% cut“ is smoke and mirrors!!
@smh....correction. She screwed up TWO very good companies. If LAPC were still APC or even CVX we wouldn’t be subject to all this BS either.
F???ing b+++h, 30% cut for people above 76k is a lively hood for lot of people. They should kick her out of the company. 81% cut , she still make 3-4 million dollars and millions of dollars of stock options. And she will still kayak her way around. She screwed up a very good company. That is quite a legacy to carry to the grave on the 100th year of the company.
no worries, the stock is heading to zero
She really should have taken a 99% cut, she can live pretty healthy with her compensation from just her Lockheed board seat.
The stock in Feb was over $40. Still underwater at $30. Duh!
“When” it triples