Shareholders will soon get to vote on that unconventional pay plan. Institutional Shareholder Services advises they vote no.

Stephen Hemsley who turns 73 in June, will get a base salary of $1 million a year—big money but actually below the usual salary for CEOs of such large companies. More important, he would get a one-time $60 million grant of stock options, with a twist: He would get the payoff only if he remains CEO for three years. He would get no other stock-based awards in that period.

  • hperrin@lemmy.caEnglish
    10·
    22 days ago

    It’s probably best you don’t understand that. Else you’d be a greed monster.

    • Tolookah@discuss.tchncs.de
      3·
      22 days ago

      It could be fear. Work is an identity for some people, and not having that means big change, some are afraid of change.