zero.......deferred shares or options only.......no cash raise or bonus.........he is taking out too much and hurting earnings. we need to get to a point where his blend plan achieves consistent and competitive profits.
we are on the way...but not there yet.......he needs to be patient, like the rest of us.
I have no problem with bonuses based on internal performance targets, but there should be one overriding clause. Something like:
"Cash bonuses for the senior management team as a group shall be limited to 10% of pre-tax earnings. Final allocation of this amount shall be based on the relative targets set for each individual executive."
Therefore, no pre-tax earnings, no cash bonus. And, for example, even in a hypothetical future year where the company delivered $3M of pre-tax earnings, the executive team would only have $300K to divide between themselves, preserving the other $2.7M for shareholders.
In this fashion, the executives' chance for outsized gains ultimately is the same as for shareholders; a rising stock price.
thanks for the free advice .You are right it is unhealthy.But what has really been bad for my health is mismanaged companies and greedy corporate cultures who run companies like its theirs and not the shareholders.Jamba is a prime example of this.In time you will see i was just trying to help the small investor from getting taken once again.