- Motto: "I'd've written a shorter post, but I didn't have the time."
- Weapon: Sonic Boomer Laser
I have some Hasbro stock so I keep an eye on the financial news. My dad also likes to send me articles he finds about various investment topics. Well, he just sent me a really interesting one. A blogger just calculated CEO Brian Goldner's new compensation plan to be worth $35 million over the next five years. I haven't checked that number, but it's probably in the ballpark.
What's completely crazy is that the justification for it is a share price being above certain levels for 30 days in a row--something that has nothing to do with his performance as a manager and that doesn't provide any lasting benefit for shareholders or customers.http://beta.fool.com/boiseken/2012/10/25/game-over-hasbros-executive-compensation-scheme/14401/
Anyway, here's the SEC filing that discusses the plan. While it might take a while to wrap your head around all the various details, it's about as good a guarantee as any for him to get a big fat bonus. Basically all he has to do is stay at the company for a few more years. And guess where all that money comes from? The pockets of customers like you and me. http://biz.yahoo.com/e/121011/has8-k.html
Personally, I'd like to see it used for better product development. (you know, like combiners that could actually compete with the third party figures.) Or, if he doesn't want to do that, he could just give it to the shareholders by raising the dividend. But getting a big bonus because the stock price is higher for one month is just downright silly.
For sale, new in box: Fans Toys Quakewave, TFC Toys Uranos, three TFC Toys Hercules Crazy Devy upgrades, Hasbro Masterpiece Soundwave, Hasbro Generations Metroplex, Takara Masterpiece Soundwave plus all cassettes, Unique Toys Warlord, Fansproject Intimidator, Hasbro Masterpiece Skywarp, Hasbro Masterpiece Rodimus, and many more.
For sale, lightly used: TFC Toys Hercules and many more. (Trying to slim the collection down so there's less to carry next time I move.)