Bloomberg: These CEOs Could Earn Millions From Stock Awards Valued at Zero
by Anders Melin
As H Partners amassed stakes in amusement park operator Six Flags and Tempur Sealy, a mattress maker, and took seats on their boards, the companies adopted new pay-for-performance goals. They promised executives tens of millions of dollars for achieving ambitious targets, a practice resembling how hedge funds pay managers, said Steven Hall Jr., a consultant at compensation firm Steven Hall & Partners.
“Giving a big equity award upfront is much more common among hedge funds and private equity firms than public companies,” Hall said.