Executives of Dst made hundreds of millions in stock grants and options over the years. Why? Dst could have hired local bankers, financial ceo's, from other companies here in town for much less. Dst always had thr highest executive pay of any local firm, even more than much bigger companies. Now that outflow of value from Dst to executives pockets caused the demise and layoffs. Lookup insider trasactions. Huge stock grants. None to the regular employees
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Yes, one Dst top executive made over 2 billion dollars during his career. Dst could have hired the top exec from say waddell and reed for 1/50th of that amount
Very true. A unit manager who was earning $45,000 in 1987 recieved over $56,000,000.00 in stock grants, options and awards since then. Yes that is 56 million. Not a misprint. I know top I.T. execs in town that would have done that job for 300k per year and no stock. Thats what they make now! And they could do the exact same job. Even the H.R. director at Dst made close to 50 million in stock. Its all public info in the free SEC quarterly reports, some old ones are only found on Edgar online. How many of you knew you were working for someone worth 56 million in stock, not to mention a high salary? The compensation committe gave the farm away in my opinion.
You need to get over it. You want executive pay? work hard and work your way up the corporate ladder.
Spoken as if the games NOT rigged against everyone but the elite.
You need to get over it. You want executive pay? work hard and work your way up the corporate ladder.