Replies to post #144317 on Wave Systems Corp. (fka WAVXQ)

[Elan Vital]

vickers, micro, et al, In ye olde days, salary, compensation, bonuses & so on had certain meanings that still linger for some of us. In today's world execs seem to be routinely rewarded vast sums for under performance. Take SIRI's Mel Karmazin for instance. The stock is in the tank, they don't BE, but he is treated to $13,000,000 this year. And I suppose Howard has some of his $500,000,000 left.
......and on it goes...geeeeeeeeeeeeeshhh....

By comparison Wave mgmt seems rather benign.
And they have kept this thing afloat through some amazingly tough times, you have to give them credit for that. That & the fact that now we may just possibly... could be... on the verge of something...
(dare I say it?)
something really big

Regards

Elan

[UncleverName]

vickers,

To then provide a guaranteed bonus ($260K in '06)

Just to be clear here, and it may have been addressed downline, but the entire bonus is not guaranteed. 50% of the salary amount is guaranteed. SKS's reported salary is 250,000 - but is effectively $375,000. Feeney's reported salary is $185,000 - but is effectively $277,500.

SKS's guaranteed bonus in '06 was $125,000 - his incentive bonus was $135,000.

Unc