Compass CEO Hands in ‘Million Dollar Play Money’ for Something a Bit More Solid
Quick Rundown:
– In an SEC filing, CEO at Compass has decided to ditch $25 million in performance-based restricted stock unit (RSU) awards.
– Instead, he’s opting for a tangible increase of regular dollar bills, with his salary bulking up to $900,000.
Let’s Crunch Those Numbers:
– $25 million in RSUs handed in for a slice of a more guaranteed pie.
– Salary sees a huge boost, racking up to $900,000 from…well, significantly less.
– Turns out, bird in hand is indeed apparently worth two million in the bush.
My Hot Take on the Situation
Wow! Who knew one could just turn in “Monopoly Money” and walk away with a bigger, beefier paycheck? A round of applause for Compass CEO, ladies and gentlemen! The man understands ‘value over volume.’ You can almost imagine him watching those fluctuating stock prices with a glass of whiskey in his hand, fed up, mumbling, “This ain’t cutting it. I want the real green.”
In a brave-face move right out of a Hollywood flick, our fearless leader trades in his stockpile of might-be-millions for the surety of cold, hard cash—a bold move indeed. So next time your boss offers you performance-based rewards, maybe ask if they have any spare change instead? Especially given the market volatility, earning a higher salary is akin to having a plate of hot mac ‘n’ cheese in a cold winter rather than waiting for a stock BBQ next summer!
Bravo, Compass CEO, for choosing a more secure path amidst these unpredictable times; here’s hoping the gamble pays off for him. Meanwhile, let’s all raise a toast to the era of cash being king once again, or at least until someone else’s crypto start-up takes off.
So, kids, the moral of the story? Sometimes it’s better to take the low-risk route and have a sure fire way to pay off that uber-luxurious apartment’s mortgage. After all, last I checked, landlords still don’t accept payment in speculative stocks. Or do they? Hey, *that* would be a headline for next week!
Original article: https://www.inman.com/2024/01/02/robert-reffkin-relinquishes-stock-unit-awards-for-7m-cash-bonus/
