Warner Music Boss Set for $21.7 million Pay Day
1 followers
0 Likes
http://www.nypost.com/p/news/business/bronfman_buck_cOdN4claUyvtpc3mIJuJDN
If the facts are as they read in this NY Post article, this is pretty amazing. Not much has changed in the headline grabbing comp world. It's just how you do it that varies. Shareholders vote on July 6.
http://blogs.wsj.com/deals/2011/05/06/worlds-newest-music-mogul-who-is-len-blavatnik/
And here is an earlier story in the Wall Street Journal. Note that Blavatnik bought Bronfman's townhouse in NYC for $50mm. Also, Blavatnik sat on the Warner Board for a while. Small world.
1 Reply
Reply
Subgroup Membership is required to post Replies
Join ECE - Equity Compensation Experts now
Suggested Posts
| Topic | Replies | Likes | Views | Participants | Last Reply |
|---|---|---|---|---|---|
| RSUs & McDonalds CEO Sex Scandal | 0 | 0 | 156 | ||
| ESPPs Provided Big Gains During March-June Market Swings | 0 | 0 | 155 | ||
| myStockOptions.com Reaches 20-Year Mark | 0 | 0 | 186 |
This is exactly why ISS, Glass Lewis and other shareholder advisory services rant against "board discretion". Sadly for every 50 times a board uses its discretion wisely and carefully, there is an occurrence that raises red flags.
With Say on Pay on the docket, this payout would be more problematic if it the company were guaranteed to remain publicly traded going forward.
Shareholders will vote. Shareholders will probably vote FOR this. And the wheel keeps turning.