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Best Buy's New CEO Signing Bonus: $20M
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Best Buy's New CEO Signing Bonus: $20M
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24th August 2012, 16:48
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,597
 |  Best Buy's New CEO Signing Bonus: $20M No wonder these idiots are in so much trouble financially. The $20M signing bonus is nothing compared to the fact that, if this guy can't get a visa to take the CEO position (he's French), he still gets $6.5M. What the!?!?! Signing bonus: $20 million. Best Buy will pay Joly a $3.5 million lump sum and a $3 million stock grant. In addition, he will be get a $6 million restricted stock award; a $3.75 million stock options award, and $3.75 million in performance share units for what he may have forfeited by leaving Carlson. If Joly, a French citizen, is unable to obtain work authorization in the United States to enable him to join Best Buy, he would be eligible for a $6.25 million payment from Best Buy. http://www.hardocp.com/news/2012/08/...ing_bonus_20m/ |
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