Friday, March 04, 2016 3:34:29 PM
I'd copy and paste Fairfield's thing but it's basically the same. They're being paid (they also have golden parachutes if they're terminated before qualified acquisition). People are confusing their salaries with the restricted stock they also received. Restricted stock is worth $4 mil per person (starting) and is vested following QA. Without QA - they're still being paid.
$1.5 mil is basically their pay out (subject to taxes, withholding) even if they don't do QA. If they do, minimum 5.5 million each.
Up to those two whether or not they want to do their jobs for 5.5+million or if they want to do nothing and collect 1.5 million.
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