GT Advanced Technologies Inc fka GTAT

[Netsurfer]

GT's base compensation has always been competitive without options and RSU's and very competitive with these. There has been a performance based MBO system in place in addition to options and RSU's which could reach 20% +/- of base. The Director level base was around $150000 +/- so Sr. Directors were above that and god knows what the VP level base was. 401K matching is in addition to these unless it has been suspended as part of the BK.
Have not seen anything about that and that would be a real disincentive to all those out side of those key employees selected.

I don't have a problem with the 28 employees ($1.4M total) that would get a retention bonus as they are most likely the "worked bees" that will make it happen. I am a bit concerned with the 9 that are getting the $2.7 M as favoritism was practiced very well.