It used to be that options after ten years would be worth more than your salary each year. Now, fear getting fired and letting go of options for zero. Many execs have lost millions in the last five years. What a sad story'
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Yes and - if folks have a financial plan they would have spread their portfolio and sold at 170 - 150 - 130 etc. Don’t assume everyone keeps their options for 10 years…
To be honest, total comp for directors and above is probably too high. Good salary, options and PSP targets > 25%.
Full disclosure, director here for 10+ years.
so sad
Sad for execs that get a golden parachute and assistance in finding the next role. Boohoo.
Be sad for your IC friend that will be out of work for years because the only skill they ever learned at Nike was how to navigate the Nike minefield.
Don’t be sad for execs. They already make more than enough money beyond their stock options. They cycle every 3-4 years and they hire their buddies.