Submit News Contact Us Translate Sign in Join

Guess how much you're paying Hasbro's CEO?

Welcome to the General Discussion area where just about anything goes! This area is designed to discuss all matters and does not necessarily have to be Transformers related. Please keep topics relevant.

Moderators: Cryhavok, Supreme Convoy, robofreak

Guess how much you're paying Hasbro's CEO?

Postby amtm » Sat Oct 27, 2012 1:25 am

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.
Want: Universe Jetfire.

Have: Too many to list.
User avatar
amtm
Vehicon
Posts: 341
Joined: Tue Jul 21, 2009 8:50 pm
Buy from amtm on eBay
Strength: 3
Intelligence: 10
Speed: 7
Endurance: 9
Rank: 3
Courage: 2
Firepower: 2
Skill: 5

Re: Guess how much you're paying Hasbro's CEO?

Postby Burn » Sat Oct 27, 2012 1:27 am

As a Shareholder, assuming the US system is similar to the Australian system, you would have voted for that condition. >:oP
Image

T-Macksimus wrote:If you have any high hopes or expectations you might as well leave them at the door because I will bet a shiny new Titan class Metroplex that Hasbro is going to screw us over on Arcee... AGAIN!
User avatar
Burn
HMW Moderator
Posts: 37701
News Credits: 57
Joined: Mon Jun 30, 2003 2:37 am

Re: Guess how much you're paying Hasbro's CEO?

Postby njb902 » Sat Oct 27, 2012 11:04 am

Hasbro is more than just transformers.
njb902
Gestalt
Posts: 2564
News Credits: 1
Joined: Thu Mar 22, 2012 4:50 am

Re: Guess how much you're paying Hasbro's CEO?

Postby amtm » Sat Oct 27, 2012 7:33 pm

Motto: "I'd've written a shorter post, but I didn't have the time."
Weapon: Sonic Boomer Laser
Burn wrote:As a Shareholder, assuming the US system is similar to the Australian system, you would have voted for that condition. >:oP

See Warren Buffett's comments on executive pay plans for thoughts on that. But actually, no, shareholders don't get to vote on executive pay. The board of directors does. And usually those guys are friends with the CEO.
Want: Universe Jetfire.

Have: Too many to list.
User avatar
amtm
Vehicon
Posts: 341
Joined: Tue Jul 21, 2009 8:50 pm
Buy from amtm on eBay
Strength: 3
Intelligence: 10
Speed: 7
Endurance: 9
Rank: 3
Courage: 2
Firepower: 2
Skill: 5

Re: Guess how much you're paying Hasbro's CEO?

Postby Burn » Sat Oct 27, 2012 8:31 pm

amtm wrote:
Burn wrote:As a Shareholder, assuming the US system is similar to the Australian system, you would have voted for that condition. >:oP

See Warren Buffett's comments on executive pay plans for thoughts on that. But actually, no, shareholders don't get to vote on executive pay. The board of directors does. And usually those guys are friends with the CEO.


Really? So there is a difference.

I have shares in half a dozen AU companies and prior to the AGM I always receive voting forms, all of which tend to contain a question relating to Directors Remuneration.
Image

T-Macksimus wrote:If you have any high hopes or expectations you might as well leave them at the door because I will bet a shiny new Titan class Metroplex that Hasbro is going to screw us over on Arcee... AGAIN!
User avatar
Burn
HMW Moderator
Posts: 37701
News Credits: 57
Joined: Mon Jun 30, 2003 2:37 am


Return to General Discussion

Transformers Podcast: Twincast / Podcast #90 - Dark Scorponok
Twincast / Podcast #90:
"Dark Scorponok"
MP3 · iTunes · RSS · View · Discuss · Ask
Posted: Monday, April 7th, 2014