These CEOs Could Earn Millions From Stock Awards Valued at Zero

Bloomberg: These CEOs Could Earn Millions From Stock Awards Valued at Zero

June 30 2016

by Anders Melin

Excerpt:

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.

Article link: http://www.bloomberg.com/news/articles/2016-06-21/these-ceos-could-earn-millions-from-stock-awards-valued-at-zero