Monday, June 21, 2021 5:25:43 PM
Dye especially and the management board have enough shares between common and preferred shares. Dye and his firm has put up close to $50 million into this company and to give him a $70,000 bonus (at reaching 100% goals) along with a $350,000 salary is pocket change alone. Dye and a good amount of this board/management team walked away from Albertsons. What does that tell you? There is something much bigger here than meets the eye.
The current CEO of Albertson's combined compensation is almost $29 million ($9 million cash/bonus and $20 million stock) and almost another $30 million to the rest of the Albertson board/management team. I can't stress enough that he walked away and was not shown the door. The company was under a lot of pressure to find a successor with his credentials.
So here we are paying Dye and the management team peanuts especially if they meet the numbers projected. My thoughts they wanted to get this out now before the next earnings release because they expect to make the numbers easily.
I just stated earlier today about waiting for the next press release and we get one today. Just good to see something from the company.
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