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Wednesday, May 23, 2007

This can't possibly be right, can it?... 



Well, I transcribed the "Principal and Selling Stockholders" numbers from the current stock sale SEC filing into the second page of the spreadsheet I used for my earlier IPO sale essay.

When the resulting sums didn't make sense, I went through all the sheet's cell calculations. I found no obvious transposition error or equation flaw that would explain the ridiculous numbers I was seeing.

So until one of y'all can find the error in my calculations, I can only assume my figures are right and, with this filing, our Executive Team gave each other $105 million in bonuses from their Executive Incentive Plans.

Oh, yeah... that's in addition to the $96 million they got six months ago...


UPDATE: Scroll down for the list and the rest of the 'blog, until I can figure out why Blogger's template formatting doesn't like my table HTML.


















































































Exec/OwnerTotal EIPEIP since IPO
Jeff Turner$31,163,858 $16,142,176
Ulrich "Rick" Schmidt$24,700,650 $12,181,806
Vernell Jackson$8,194,026 $4,173,464
Ron Brunton$7,938,325 $4,182,911
John Lewelling$7,113,019 $3,357,605
H. David Walker$5,266,296 $2,762,678
Carolyn Harms$5,226,599 $2,722,981
Michael Williams$5,120,136 $2,616,518
Don Carlisle$4,597,799 $2,407,143
Mike King$3,995,255 $2,117,535
Gloria Flentje$3,872,913 $1,995,193
Tod Wawzysko$3,869,530 $1,991,810
Sheri Boyer$3,868,190 $1,990,470
Daniel Wheeler$3,831,440 $1,953,720
Peter Wu$3,257,882 $1,693,124
John Pilla$3,209,242 $1,739,488
Mike Germann$3,201,401 $1,636,643
Richard "Buck" Buchanan$2,794,538 $1,542,742
James Urso$2,662,046 $1,410,250
Kerry Crisp$2,638,361 $1,386,565
Dana Smith$2,630,891 $1,379,095
Rick Morriss$2,548,065 $1,342,211
Neil McManus$2,346,005 $2,346,005
Rod Cheatham$2,028,155 $1,046,239
Dave Finneran$1,880,281 $1,004,029
Douglas Scott$1,879,142 $1,002,890
David Wiseman$1,827,250 $950,998
Kenneth Wright$1,823,699 $947,447
Suzanne Scott$1,814,284 $937,096
Larry Knott$1,812,678 $936,426
Bob Mayle$1,812,175 $935,923
Jeff Clark$1,810,333 $934,081
Tony Veith$1,567,524 $823,196
Steven Page$1,507,500 $1,507,500
Andrew Hodgson$1,466,530 $1,466,530
Sue Bacon$1,461,250 $774,018
Doug Reece$1,437,570 $811,672
Dave Bartz$1,400,921 $775,023
Vic McMullen$1,397,604 $771,706
Don Blake$1,341,391 $715,493
Elston White$1,333,653 $707,755
Marci Johnson$1,330,336 $704,438
Kim Scanlan$1,326,966 $137,752
Jim Cocca$999,750 $624,206
Sam Bhagat$973,992 $535,866
Frederick Dodds$930,174 $492,048
Jeff Jabara$918,717 $480,591
Tim Cosgrove$898,986 $460,860
Keith Smith$888,165 $450,039
Thomas "Steve" Turkle$885,016 $446,890
Jerry Vaughn$884,748 $446,622
Kip Schmidt$881,834 $443,708
Lana McCutchen$881,532 $443,406
Rick Davis$877,110 $438,984
Thomas Greenwood$850,846 $412,720
Peter Doughtery$733,282 $733,282
Scott McLarty$733,282 $733,282
Sherri Williams$681,171 $355,703
Forrest Urban$674,796 $361,834
Adam Pogue$674,595 $361,633
George Miller$653,657 $340,695
Mark Hoffman$650,240 $337,278
Rodney Webber$647,862 $334,900
Brian Skelton$646,153 $333,191
Lois Covey$641,832 $328,870
Curt Demuth$638,214 $325,252
Mary French$638,147 $325,185
Joe Jarrett$526,456 $268,302
Samantha Marnick$516,156 $244,014
D. Randolph Davis$515,486 $243,344
Chris Wilkinson$448,391 $211,687
David Stewart$376,977 $187,567
Simon Ellery$373,928 $184,518
Simon Foster$373,928 $184,518
Michael Nelson$291,250 $166,060
Allen Williams$290,546 $165,356
Clark Sellens$264,289 $128,205
Mike Schwamman$206,332 $97,418
Walter Diver$52,662 $52,662



Again, still no mention of their "performance targets."


-- Bill, who couldn't make up this $#!% if he tried...
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