Kevin Sharer raped this company for millions of dollars during the last decade of negative stock price movement and now it looks like the new CEO has inherited Sharer's insane payment package. These pigs have got to be stopped.
The big difference is that AMGN (the stock) has been rewarding investors handsomely since the new CEO took over. Under Sharer, AMGN (the company) only rewarded Sharer for doing absolutely nothing for investors. My patience has been sorely tested for way too long, and it's about time the stock has come alive.
A good case can be made that nearly all corporate CEOs are way overpaid, whether or not the stock performs. I'm a big fan of compensating top management with deferred stock options and a minimal salary. Look what Steve Jobs did for AAPL on $1 a year.
First, thank you for starting a real message thread...the board is overwhelmed by spammers!
Second, totally agree. Remember that it is the BOD that sets executive compensation and the composition of the BOD was only slightly altered with the CEO transition. We can't expect sane compensation from this good old boy network.
Third, part of the reason for Bradway's large compensation is the stock price. The same number of stock options is worth nearly twice today what it was before Sharer announced his retirement.