The COO is resigining and they give him $$ and NBA tickets, this is wrong and we shareholders including TPX need to stop it. He resigned (his deciison to leave) and this is his reward, you mean his salary and bonuses werent enoough, someone please step in and stop this nonsense.
He didn't resign, he got terminated without cause. Read the SEC filing. "Resigned is the big boy executive club terminology to help him save face." So if they fired him without cause, the only question now is if Tom goes with or without the money. My guess is they think they can get rid of him for cause and not have to pay or he would have "resigned" with Grubb.
I agree with the general feeling that getting paid something like 100 times the average persons pay to get fired is ridiculous but is the way of America right now. But your suggestion of prison is garbage. What exactly did Grubb every do illegal. He was executing the operational side of the business per Tom's plan. Grubb was never connected with anything to do with the land deals. You can say he was overpaid but that certainly is not illegal. Your just in the back of the peanut gallery complaining like a fool.
it's a problem in general with corporate america. The rewarding of these pigs for lack of performance. You might hear terms like golden parachute, etc. Corp America needs to wake up and pay for performance NOT PAY FOR THE DESTRUCTION OF A COMPANY.
Agreed. As I pointed out on another post, Look at HPs wonderful history with Carli Florini $21M, Mark Hurd: $37M, then comes Leo Apotheker who works 10 months only and gets a $7.2M buyout. Ok to be upset, but not surprised.