Originally Posted by Amnorix
When a company is in significant financial distress and its options have been rendered worthless, there is a high incentive for very senior management to leave the company. That is basically the WORST thing that can happen to a company that is already in trouble.
Structuring packages for senior executives to stay through troubled times is very, very standard. I won't comment on how rich those packages were. Maybe there were too much, I dunno. I'm not going to analyze each one and compare to industry averages. The point remains, however, that companies in trouble need to incentivize management to stay.
ya, because it wasn't their fault