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SeaWorld Execs Get $6.8M in Stock Awards as Staff Are Furloughed

By: clo in FFFT3 | Recommend this post (0)
Thu, 16 Apr 20 11:45 PM | 58 view(s)
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Where is the outrage?

SeaWorld Execs Get $6.8M in Stock Awards as Staff Are Furloughed

SeaWorld Entertainment, which furloughed 90 percent of its theme park employees, will give its top executives about $6.8 million in restricted stock awards for their “extraordinary contributions� amid the coronavirus pandemic.

The move is to “recognize employees for their extraordinary contributions and continued expected contributions to the Company and its long term goals during the global COVID-19 pandemic,� the company said.

CEO Marc Swason, who only started his role last week following the resignation of Sergio Rivera, will get $1.5 million in restricted stock awards, while Chief Operating Officer Walter Bogumil will be awarded $1.3 million, as long as they stay with the company for two years, according to a filing with the U.S. Securities and Exchange Commission. Chief Legal Officer Tony Taylor will get more than $1.1 million in restricted stock awards and three other executives will get more than $900,000 each.

Read it at AP News
http://www.thedailybeast.com/seaworld-execs-get-dollar68m-in-stock-awards-as-theme-park-staff-are-furloughed?via=newsletter&source=CSPMedition




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