----------- IMO a performance based pay model should be used not only for Mike F. but all REIT CEO's. They should win when we win and they should lose when we (the owners) lose. Then we will see how good they are at managing the company not just growing the equity through SPO's. --------------
then your opinion has been fulfilled... M. Farrell's bonus (what people are talking about here) is tied directly to book value and nothing else.
meaning if he makes double, (which has happened) we get a stock shares with actual value that has doubled...
so instead of hoping for his pay be 5 million, (which would mean that our stock value would then be $2.25, instead of $16)... i hope you can see how counterintuitive that would be fore someone to hope that... you should wish his pay were $100 million, because the only way it will be that, is if your stock value were $48 a share.