Cog in the machine...

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/Owner	Total EIP	EIP 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...