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Leggett & Platt Inc T.LEG


Primary Symbol: LEG

Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Company’s segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.


NYSE:LEG - Post by User

Comment by sellthefarmon Nov 18, 2014 11:27am
292 Views
Post# 23139893

RE:RE:RE:RE:RE:RE:U.S. House Approves

RE:RE:RE:RE:RE:RE:U.S. House ApprovesAs RB said, mgmt has no control over vesting of RSUs.  AND, they aren't based on the price of the stock, they are based on the performance of the underlying business (cash flow per share, production, etc.).  Restricted units can have performance targets but sometimes do not.  Performance Units always have performance metrics to meet.  In any event, this is the pay structure of all public companies so live with it.  The institutional investors wanted companies to move away from options and go to performance units and cash bonus because it's easier for them to value as option value based on black scholes is useless.  I have no problem with mgmt getting paid as the share price currently has nothing to do with the underlying fundamentals of the business.  Those RSUs were worth 2x as much a few months ago so they aren't getting one over on you, or me!
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