The correct move would be to put an indefinite freeze in place on both new and existing bonuses through the pandemic. You can compensate them after the company comes out the other end.This technically reduces the bonus right now by deferring more out to a later date than originally agreed upon. This isn't new bonuses. They aren't getting cash money from SEAS, they're getting stock options.
The optics of the 'value' is far worse than what this actually is.
WTF (sorry, this tripped my trigger) does this have to do with the OPTICS of some rich guys getting millions more?Just as a counter though:
Unemployment compensation in the CARES act may have given those furloughed by SEAS more money per week than they were making when employed.
That stock compensation could be put to better use on strategic hires SEAS may need for opening the park. A biggie is going to be developers to build out any virtual queuing system or other park management tool needed to reopen. Those personnel will often take stock options in lieu of some salary compensation and with limited cash on hand equity is a mechanism to get those services.
Lol. It's certainly more than half. And they're totally screwed if they're waiting for their PR/Marketing team to do something proactive.Then SEAS needs to get out there and do counter press to show that the reporting was wrong. Half the reason the optics are bad right now is because of how it's being reported.
I agree with you in normal times, but a cash strapped company must offer whatever they can to get the job done. If they can't afford 200k salaries, then 100k plus 300k in stock options will be in order. This is typically seen in cash strapped startups, however SEAS has cash problems and may have to be as creative to get necessary support.Ooooo, I really disagree with this TBH. Now if it's in house developers still getting paid....maybe you can convince them to take that. But studies have shown (literally just finished this chapter in my business class) that better benefits rarely make up for reduced pay for workers. And if its an outside company that you are contracting or an independent contractor you're bringing on to do this work, they will absolutely want to be paid in cash or salary over stock compensation because it's going to cost them money to do everything necessary. They can't take on that job with stock options with the hope that the stock goes up while they spend money now to do the job.
I agree with you in normal times, but a cash strapped company must offer whatever they can to get the job done. If they can't afford 200k salaries, then 100k plus 300k in stock options will be in order. This is typically seen in cash strapped startups, however SEAS has cash problems and may have to be as creative to get necessary support.
Touche. And no, I'd say at least half is the way it's reported. Look at the article you linked. Very little mention that this was part of a package from 2017, the plan was extended over 3 years, and there's no cash being handed out. That reporting sensationalized what happened to a degree.Lol. It's certainly more than half. And they're totally screwed if they're waiting for their PR/Marketing team to do something proactive.
Desparate times call for desparate measures. SEAS can't afford to pay small contractors right now, how can they afford to pay vital personnel they may need to re-open. Barring SEAS getting a loan or being able to issue bonds, paying out in stock may be their only option to stay afloat.There's a big difference in doing it with a cash strapped startup when you are a company with enough money to afford the hit and doing it with an established company with known cash flow issues.
Desparate times call for desparate measures. SEAS can't afford to pay small contractors right now, how can they afford to pay vital personnel they may need to re-open. Barring SEAS getting a loan or being able to issue bonds, paying out in stock may be their only option to stay afloat.
SEAS spent $0.00 on these bonuses.
The bonuses are being paid by issuing new stocks. Essentially printing money. The shareholders are footing this bill; not SEAS.
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