RE:MSO CEO Pay
Ventura2020 wrote: Falling stock prices force down cannabis industry CEO pay in 2022
Not much different!
Problem is, the MSO's just haven't been performing.
Irwin Simon is simply, just better than most.
Stock, options values misleading
Reported stock and options values in regulatory filings can be particularly misleading.
"Stock options have a theoretical value, but it doesn't end up in your bank account that year," Whittlesey said.
Filings show Jim Cacioppo, the CEO, chair and founder of Florida-based multistate operator Jushi Holdings, was awarded more than $6.7 million worth of options in 2022, for example.
"However, that number is deceiving because it is calculated based on the fair value of stock options in 2022 under FASB accounting standards," a spokesperson for Jushi said via email, referring to the Federal Accounting Standards Board, a private standards-setting body.
A total of 2.83 million options were granted at an exercise price of $1.93 per option, and another 3 million options were granted at an exercise price of $1.75, according to filings.
But Jushi's stock - which trades on the U.S. over-the-counter markets as JUSH - is currently trading at around 45 cents a share, indicating that most of the options are currently "underwater" and effectively worthless.
https://mjbizdaily.com/falling-stock-prices-force-down-cannabis-industry-ceo-pay-in-2022/
I guess you get, what you pay for.
With 1.5 billion dilution coming soon to CURA, I can see why you can't attract CEO like Irwin Simon @TLRY.
High market capitalizations at cannabis companies, for example, don't necessarily correspond with higher total compensation for CEOs.
At New York-based Curaleaf Holdings, for example, which has the highest market capitalization at more than $2 billion, CEO Matt Darin's total compensation for 2022 was $1.1 million.