I wrote back to him:
I appreciate you taking the time to reply back with an explanation.
I have seen the details of pay package you are referring to.
I think most people are ok with that as long as it is executed as straightforward at it appears to be.
So how much were you actually awarded in 2015 once you hit that first $32 target?
Since you think the facts are so misrepresented by that Fortune article, don't you think you should address that in a press release or in some other way? The optics of this are horrible.
I got zero in 2015. The 32 ones have to be hot in 2017. Nothing before than.
The media doesn't care about facts.
from his email to me:
The numbers misrepresent the facts and I am not ashamed.
My cash earnings were about 2.4 million.
I paid 700 thousand to BUY options. So net I made 1.7m in cash. Which is 98% less than a false representation required by the SEC to sensationalize numbers.
The options have zero value unless the stock increases 100%
The performance shares vest between $32 and $88 per share. 300% to thousands of percent growth from here where all share holders would make 4 to 15 BILLION
You are misunderstanding and misrepresenting the facts.
There is nothing to give back. You can't give back ZERO
yeah, in light of the DEPO fiasco and the intense scrutiny on industry since last summer, he should have known the optics of accepting this much pay is VERY BAD. Foolish move, TW
I dont care what he did, he should be ashamed for himself for accepting that much pay.
I don't care if he took 10 cent sugar pills and sold them for $1,000 each, any leader with some decency wouldn't accept that grotesque amount. Shameful.
Several HZNP drugs were raised 9.9% last month. That takes some balls considering the recent scrutiny going on in the media. 9.9% is far greater than the rate of inflation.
as I suspected, the market is in a sour mood and is not responding to excellent growth.
HZNP's stellar growth rate and ridiculously low forward P/E is a clear sign investors are just not thinking rationally . Just hold on and wait this out. They cant ignore this kind of growth forever. Sooner or later, they will come around
Considering how poor DEPO is operating, you would have think management would have jumped at the chance to join forces with HZNP.
DEPO management let their arrogance get in the way of that. Foolish
Would someone please summarize what this phase 1 is about?
Their drug is already on the market so what is this phase 1 about?
Yes, i know I could read all the articles and figure it out. i was just hoping someone would be nice enough to write a few sentences and summarize it all.
While technically, you are correct, they did massively miscalculate on their attempted acquisition of DEPO last year. This cost them dearly in more ways than one.
Bought some shares today at 15.92.
Earnings in 3 weeks.
This cant be held down forever.
I think downside is limited at this point and upside potential makes this appealing
Talk is cheap although it is scaring investors. i will give you that. But this dog's bark is worse than his bite and people will eventually realize that.