Just looking through Morningstar and Yahoo Finance I see executives, vice presidents, and board members got hundreds of thousands of stock options in EM in November of 2020 right when all the layoffs were happening. Why did senior leadership continue to get paid more while everyone else lost the 401k match and were getting layed off? Seems like I'm missing something...
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OP, what you’re “missing” is that the company who was already doing very poorly in 2019 took a nose dive in 2020. There was a significant chance that DW and his minions might be thrown out, especially if they would have failed to pay the dividend. Extra bonuses were needed to provide a cushion in case things turned ugly. Yes, those are RSUs, but at EM nobody ever takes away RSUs from “leaders” for mere bad results. Unlike what one naive writes in a reply, RSUs mature after a number of years, but not in order to “provide incentive to make good long-term decisions for the company”. Our management does not care about what’s good for the company, only what’s good for the management. RSUs are are way of forcing the managers to toe the line, not to spill the beans, not to go against the “family”.
If you want to see a glaring example of that, look at how all lower and middle management who were REs spontaneously decided to retire when the voluntary plan was announced last fall, although some of them absolutely had no desire to do it.
they are called RSUs for hipos
I'll bet it wasn't just Exe.s that got stock awards. High flyers probably got some too.
It called greed. They are greedy.
It's called reality. "Investors" value upper managers because they are the ones who look out for their investments. The rest of us are just workers. Investors value their investments--not workers. That's the way its always been.
@dpt+1aFQdd9I, it doesn't matter what they're called, it's wrong. Period.
They’re not stock options. They are restricted shares that don’t vest for a number of years. Provides incentive to make good long-term decisions for the company. Read the proxy statement.