I'd like a $10million dollar bonus too! But I really don't expect any money at all.
It would be interesting to know just what this guy's contract says, and how any bonus is computed.
Although paying the CEO that bonus would be a public relations disaster, it could be that the wording of his employment contract would make the company OWE him the money. And if they refuse to pay him, very possibly the courts would force them to give him the money, assuming his lawyers can prove his case. And going through a trial might cost the company a whole lot more than $10million.
If the CEO cares anything about the company, he will not press the matter any farther. But maybe he is on his way out anyway, and he is just trying to come out the best way he can.
It sure does sound like he has some large, brass ones though!
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Today's Featured Article - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
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