Poly, Clark, Feeney, and Irish received total bonuses of $999,600 for their efforts in 2009.
1 Million bonuses / 312 Million market cap = .0032 Seem like conservative bonuses when I consider the cake being served to the CEO’s of Fannie and Freddie.
Fannie's CEO, Michael Williams, and Freddie CEO Charles "Ed" Haldeman Jr. each will receive $900,000 in salary, $3.1 million in deferred payments next year and another $2 million if they meet certain performance goals, according to filings with the Securities and Exchange Commission on Thursday. (yahoo finance, 12-24-09)
Assuming 3 Million bonuses.
FRE 3 million bonus / 816 Million market cap = .0037 Executives at FRE receive outstanding bonuses. Shareholders get a lump of coal in their stockings.
i have no issue for the total bonus given to the management. Poly should have been given double, but the other three's should have been cut by a half, as these individuals show no confidence in the business they are doing by keeping selling the stocks awarded to them.