What a guy. As the ex-chief of Cendant, his compensation last year totaled $140,000,000. Last month, when he completed the spin-off of two operating units he received termination benefits of $62,700,000. When he retires in another 18 months he will get another huge payout. Cendant came public in 1997 and the stock reached a high of $4.36 on its first day of trading. Since that time, Mr. Silverman took in more than $500,000,000 from salary, bonuses, perks and stock options.
The stock closed yesterday at $2. Shareholders took it big time. Right in the you-know-where. Truly a pathetic example of greed gone wild.
I guess it's true. Money may not buy you happiness but it sure does allow a person to suffer in comfort.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
No comments:
Post a Comment