eolesen, on 19 May 2012 - 12:58 AM, said:
Chris, they're hardly exempt. They lost the total value of their stock options when the stock fell below the strike price, and it evaporated once the company filed. Gone. No recourse. For some, that's 30-50% of their compensation from the past couple years. That's the risk management takes with variable comp. No risk, no reward.
The difference being that when we exit BK they will start awarding stock to most of the fine individuals to make up for what they lost but not for those of us that actually work for a living. And when you and your REP friends get thru giving 90% of the wealth to 10% of the people we will all be out of a job and no I am not a Dem I am a Ind would not piss on either of them if they where on fire.