Yes, and he’ll do the old “force austerity to temporarily drive up profit margins for a quarter or two, then once it’s clear the next quarter will be crap, sell all of the stock that was awarded (auspiciously with a very short vesting window, if not just given outright)”
Typical bs, probably worth shorting this stock over the next year or so
He has 0 salary, he isn’t getting paid for any of this. Hence the end of the letter. You obviously didn’t even read it.
I expect everyone to roll up their sleeves and work hard. I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter.
Does that extend to his and the rest of the C suites salaries?
Ryan specifically says
“I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter.”
I assume he’s not taking a salary for his role. I highly doubt that extends to the rest of the c suite though.
But is he getting a hefty stock based compensation package? Can he sell those stocks before he bails?
Undoubtedly.
Who thinks he’s being the CEO out of the good in his heart?
Then he’s not using those stock sales to help the company, he’s using it to enrich himself.
Yes, and that is the same thing as being paid even if the CEO pretends that it isn’t.
Yes, and he’ll do the old “force austerity to temporarily drive up profit margins for a quarter or two, then once it’s clear the next quarter will be crap, sell all of the stock that was awarded (auspiciously with a very short vesting window, if not just given outright)”
Typical bs, probably worth shorting this stock over the next year or so
Nah, GME to the moon!
oldwhiteguysinsuitslaughing.gif
He has 0 salary, he isn’t getting paid for any of this. Hence the end of the letter. You obviously didn’t even read it.