Sorry, I didn't know this reply was to me. I miss the ol' easy to use nicely threaded Yahoo MB.
I don't know of any in particular but seems there were plenty that changed at the top back when the tech bubble burst.
Maybe his sidekick Hester, the one who writes those sidebar research articles from time to time. He might have an alias on this MB. lol
And so-called 'sideline' cash:
From my 'ancient' MOTshare booklet: "You may sell full and fractional shares once they are credited to your account subject to the SEC insider trading rules."
And: "It is Motorola's expectations that the shares will be available in your account no more than five business days after the close of each offering period." [an offering period is 6 months]. OK so we got the better of the price of the start and end offering dates but have to wait those business days to sell (I'm assuming no SEC issues); still way better than 6 months but none of this constitutes would I would call immediate. 17.5%?
And: "There is no guarantee against loss."
One also had to pay the broker to sell the shares.
Yeah now that it's jogged my memory the blackout was 401k, they were making big changes to how it was administered. Terrible timing and many of us had been maxing out MOT stock and everything else we could in the 401k.
Thanks. OK so it was due to the company's poor performance with the correlation of his comp with company performance and stock price.
He doesn't make predictions, they're high probability estimates based on historical info.
I think the OP wrote "pay" generically as the article title had "comp" in it. He didn't use the word 'base' either.
Town Hall meetings? I just don't see a CEO telling employees the strategy is to carve up a company into pieces to sell. Too disruptive. But then again if it was too hard to contain on the investor side I could see him having to come clean to the employees.
So has anybody read this Crain's article? (note I never got a reply to my last question to the OP).
Deja vu for me when that started up at the peak of the tech bubble, and of course we were all gung ho nubiles to it and caught up in the stock market euphoria so just had to have some... I remember we got locked out for several months while they made 'system' changes (also 401k) that conveniently occurred during the first major pop of the bubble. I lost my a$$ on both accounts and could only watch in bewilderment.
I don't remember anything about being able to sell the ESPP immediately to capture the differential, which was 15%; seemed like there was a minimum hold time for that of something like 6 months (of course one could sell immediately but not capture the differential).
I wrote: "I could 'see it' in the way he kept pounding the table about what the Fed was doing is wrong and how they should do it his way (Property Appreciation Rights (PARs), etc.)."
I didn't state that anything was wrong with PARs, PARs being a Hussman idea. I stated that H felt what the Fed was doing is wrong (QE).
Well if it was due to the company getting smaller i don't see why his pay cut would be worthy of significant financial news coverage; I mean in this scenario his pay cut is not really affecting the company from an investment perspective. But now did the article state his pay was cut for another reason(s)?
He wrote about potential depression back then.
The only dishonesty I could see is that he won't admit he let his emotions get in the way, but apparently I'm the only one that believes this; I could 'see it' in the way he kept pounding the table about what the Fed was doing is wrong and how they should do it his way (Property Appreciation Rights (PARs), etc.).
Now maybe lower than before the pump? (I don't know the exact dates). Same thing happened to me recently on another stock with buyout possibility that since couldn't find any buyers.
"Lenovo had believed that its original brand would complement the Motorola brand it purchased from Google (Nasdaq: GOOG) last year, but sales of Motorola smartphones in the United States have been steady and rising across the globe, meaning sales of Lenovo-brand smarpthones “have been squeezed out by its sister brand.”"
And why would anyone give your erroneous post a thumb's up?!
Wrong, MSI has nothing to do with cellphones anymore. It was the collapse of the buyout talk that had been pumping the stock up more recently..
The Motorola name has some high $ goodwill, Google and then Lenovo paid a pretty penny for it. I think the word Motorola is just toxic to stock investors.
I dunno as I have mine bookmarked, but sometimes I get error messages on certain MBs and recovery requires looking up the stock symbol and clicking on the MB there. You might try deleting the cookie for that page(s).