RE:CEO compensationHe's not paid much of a salary compared to some other CEOs out there. And the RSU's only really pay off it the stock increases dramatically, which is not super likely since not a growth stock.
He needs some incentive to come to work each day and bring in deals, since there's basically not a company without him.
This report shows how Sean gets a portion of recurring revenue for deals. It's on page 25: "...the payment to Mr. Morrison of three percent per fiscal quarter of the Corporation’s aggregate distributable cash that is derived from any new royalties (including roll-ins and incremental royalty rate increases) (the “Morrison Incentive Amount”) for the sixty (60) month period following the closing of each such new transaction, subject to adjustment at the end of such sixty (60) month period;" https://www.diversifiedroyaltycorp.com/wp-content/uploads/2021/05/1-DIV-MIC-2021-Final.pdf ndiamond wrote: Can someone please elaborate on this :
Sean doesn't get paid much unless he's making deals. He gets paid 3% of future royalties
WTF? He gets a big salary, gets alot of RSUs (free stock), stock options. Why the heck should he get paid a percentage of future royalties. The royalties are for the shareholders...!