Re:Yahoo CEO Marissa Mayer Loses Bonus And Stock Award Over ...
by tyingq on Saturday March 04, 2017 @08:44AM
(#13790852)
It is common enough that it has a name...claw back provision.
It's risen in popularity since the subprime mortgage crisis. Used more often to claw back bonuses for fraud, but used for lackluster performance as well.
Voluntarily forgoing your bonus versus an embarrassing board decision isn't that odd.
Re:Yahoo CEO Marissa Mayer Loses Bonus And Stock Award Over ...
by 36bydesignBL on Saturday March 04, 2017 @08:39AM
(#13790837)
They don't pay them a wealthy sum when their actions lowered Verizon's buying price by billions. If you crunch the numbers, there is a 0% chance Marissa did this 100% voluntarily with no pressure on her.
I never heard of an executive being pushed to earn less money the way executives are pushed to resign.
Usually is quite the opposite, companies pay resigning executives a wealth sum as it is in the best interest of the company that the burned executive leave as soon as possible and with no intentions to harm the company after leaving. The board usually couldnt care less about the money a leaving executive gets.
An executive leaving money on the table (and distributing among other employees) is extremely rare and I think your cynism have no logical thinking support here.