I see that in the proxy statement Todd received a 56% raise in 2020 - salary went from $800k in 2019 to $1,250,00 in 2020. If that's not a slap in the face to all the employees who received nothing or a mere 1% merit, I don't know what is. So glad they laid me off last year and that I'm out of that stink hole.
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He deserves it, it’s not easy coming into work everyday trying to keep morale up in a sinking ship and trying to prevent people from outright quitting en masse. That is their greatest fear that entire divisions walk out the door.
You could take that entire $1,250,000 and you'd have enough to give each of our 48k employees a 1.3 ₵ per hour raise. I think we have bigger fish to fry.
As of 7/19 Todd owns over 300 k shares.
His net with has to be over $20 mill and that’s very conservative.
A $450 k raise is pocket change to him.
He could have done what great leaders do- say thank you but no thank you. Take that money and put it into the firm. If he were a REAL leader he would forfeit his salary altogether this year.
It’s not a lot to fill the hole but the optics are good and people might respect him.
But Todd is all about ME ME ME.
At least buy a decent suit - having a CEO that looks like he dressed from a men’s shelter is not very inspiring.
Unless my memory is failing me, he wasn't interim CEO until late in 2019 and then named CEO after WFH started. So, I'm not surprised he got a big bump from 2019-2020.
Executive pay is almost always incentive based and mostly paid in corporate stock. This is just his salary that’s payed out in the form of a paycheck every two weeks. His total pay is probably around $15-20MM. This $1.25MM is a fraction of his total comp. and you know what? I don’t care! He’s the CEO, he gets paid like it. I’m not happy with my 1% raise but I wouldn’t expect him to willingly not accept a raise that was probably tied to the firm hitting some sort of share price or revenue target. I’ll worry about myself and he can get paid like he’s the CEO, because he is.
Well, Todd probably deserves that after all the hard work he does sending out emails every other day about what a "great job!" all of us are doing during these stressful Covid times.