Msg. 07158 of 54959 (This msg. is a reply to
07157 by
Cactus Flower)
Jump:
No argument from me. What the heck is a "guaranteed" bonus anyway, just increase his salary already. It's another example of chicanery. $250K for Peter? Get outta here! For what his connections? It's nothing more than legal theft. And that's the obvious stuff. The Spragues know no shame, they're entitled. And as long as investors passively tolerate it, they'll gladly keep taking -more and more and more. That you can count on. I'll be careful what I wish for, but I hope I live to see them lose control. They and their ilk make me sick. The only thing worse is lily livered investors that won't stand up for their rights. Oh and by the way, yes I'm ticked.
"The fixed portion of the bonus is guaranteed and calculated to be equal to 50% of each year's annual salary." - this portion should surely be accrued.
"The incentive bonus payable for a given fiscal year for Mr. Sprague is typically determined by the Compensation Committee of the Board of Directors within 60 days after the close of that fiscal year." - this portion probably will not be accrued.
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