The market cap vs per share distinction is the one most comp committees get wrong on purpose. Per share alignment kills the acquisition spree narrative the CEO brought to the table, so it loses in the room. The HAIN lottery ticket read is sharp. Boards front load grants when they have already privately priced the enterprise for distress. The COOK line is the one shareholders should keep on a card. Formula missed, pay delivered anyway. That is a vote of no confidence from the comp committee in their own design.
so...95% of c-suites will treat their company as their private piggybank to whatever extent allowed...and justify it in a manner they could care less if anyone believes.
I don’t know a single person who has been to or bought anything from Game stop…I feel like this company is in the same category as Long John Silvers.
The market cap vs per share distinction is the one most comp committees get wrong on purpose. Per share alignment kills the acquisition spree narrative the CEO brought to the table, so it loses in the room. The HAIN lottery ticket read is sharp. Boards front load grants when they have already privately priced the enterprise for distress. The COOK line is the one shareholders should keep on a card. Formula missed, pay delivered anyway. That is a vote of no confidence from the comp committee in their own design.
so...95% of c-suites will treat their company as their private piggybank to whatever extent allowed...and justify it in a manner they could care less if anyone believes.
got it.
Great article. So many sloppy comp arrangements out there.