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Thursday, June 14, 2012 11:56:07 AM
You can "attract" talent by offering bonus and/or stock options or RSU. But you do the typical "can't vest for x amount of years"
Bonus is approved based upon performance. You don't sell, or get new customers, you don't get a bonus. It's that simple
You sell a ton, you get rewarded. Some companies do big bonus AND additional stocks.
Current management doesn't appear to be doing this, nor following this formula.
I don't think we are strict enough on them. You often hear "you won't eat this. Well, when you are starving, you will"
That being said, no bonus or money because you're not selling. Well, I'm sure you will pick it up so you can get paid. If not, you will "starve".
Sounds bad and strict, yes. But these are investors monies they are playing with. I'm not interested in rewarding people for coming in last place. You failed? No worries, here's 1 million shares that you can sell ASAP, and also, here is a 5% raise and additional bonus. Maybe next time? Go get'em sport!
Yeah, not gonna happen.
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