RE:RE:Something to consider - for you approval on Proxy
Many CEO's make exorbitant amounts of compensation because they are compensated based on the return that they deliver to their shareholders. Year to date, the S&P is up about 24%, and TEI shares are down about 14%; that's close to 40% underperformance. This is not something for TEI to celebrate.
That being said, Bill's salary seems reasonable for his position. What investors should take issue with is the granting of so many five year options to the board and management that are priced at-the-money, or slightly above the market. Especially when you consider that most recipients of the options just cash them in and dump them anyway.
It's time to start pricing the options at a level that indicates to investors that the price five years from now might actually be considerably higher than where it currently sits.