I assume the board needs to approve this. What is their motivation for doing so?
"Calhoun’s 2023 awards were designed to emphasize the importance of long-term shareholder value growth"
He was awarded lots of shares that he can't cash out yet, apparently
His bonus was predicated on the value of shareholders return, and he met that metric. Thus he has _earned_ this payout. *
*I personally think that is a bunch of BS. But that is how such is justified.
That's not how I understand it. They want him to make good decisions to make his shares' value go up for when he will be allowed to sell them. Which kind of make sense but I'm not sure.
They tried to shut the door on it but...
They are worried he will CEO a plane their family is on.
It's 33 million, which is about 10x of what the families of Ethiopian Airways crash victims got per passenger.
Blew the door right open and handed a golden parachute
Happy to see employees are getting their bonus’ for meeting their performance goals, including increasing long-term shareholder value growth.
I hope people like Dave Calhoun realize the destruction they’ve caused.
hey never mind those stupid door panels, right?
This is absurd, wheels and doors are literally falling off their planes and the CEO gets a raise lol. Life is funny sometimes
good to see our top CEOs finally being compensated fairly for their outstanding performance.