How are y'all reading this? Any chance we end up better off with the new structure?
6 replies (most recent on top)
If it’s like Team of Teams. Such cr-p!
Where was this posted or notification????
It sounds like organizing everything for a buy out. First, cut VPs, then VP in charge of Development is a banker, now the stocks. Maybe more lay offs later, to make company leaner, then get some bids.
Despite what they say, it’s clearly an attempt to reduce LTI costs. Anything linked to the stock price or performance versus peers is a losing proposition. Plus the company (and your job) probably won’t be around long enough to vest.
This is the same old system that was in place in the past. The fact is that you are only losing money on the LTI as the stock price has been on a downward trend since 2011. How many times have you heard from management 'but you get more shares if the price is lower'. More shares of something that is losing value is less value.
Let’s see…
Three year vesting period, during which you get paid dividend equivalents, with a payout of something if the company is better than at least 3 others (out of 22 or 23 companies, is it?), and automatic vesting in the event of a change of control where you get terminated.
Gee…with that kind of structure, who do you think benefits the most?
Especially if the company gets (somehow miraculously) bought out and the acquirer fires the executive team?