Monday, April 13, 2015

The share plummeted – then got the CEO three times more in bonuses – Business World


     The company’s CEO Scott Meyers is one of four Americans in the group management. Photo: Jörgen Appelgren
     

The share of small cap-listed medical technology company Aerocrine plummeted last year. It was not noticed in the CEO’s pay packet. It became vice versa maximum bonus payout to Scott Myers. Three times higher than in 2013.

The CEO at small medical technology company Aerocrine, which makes astmadiagonsmätare had no fun year last year. The company had a lousy stock market development. The course collapsed and fell during the year from 3.36 kronor to 47 cents, down 87 percent. So bad, the stock has not developed sometime in the past.

It covered the collapse is not noticeable in CEO Scott Myers wage envelopes.

According to the recent annual report he received last year instead of the maximum bonus, 100 percent of base salary. The bonus amounted to 3.18 million.

During the previous year, 2013, he received about 1 million bonus, a sum which accounted for 35 percent of the basic salary for that year.

The bonus is not based in any part of the share price performance. Instead, the bonus is based on other parameters that consolidated net sales, operating income, cash flow, qualitative objectives, and extended coverage from private insurers in the United States.

CEO : ns same barn salary is not clear from the annual report otherwise it can be calculated on the basis of data on the size of the bonus. In 2014, received the President, based on the indication that the bonus amounts to 100 percent of base salary, ie a total income of 6.3 million. The year before his total income amounted to nearly 4.2 million, of which salary was 3.1 million and the bonus to 1.1 million.

Scott Myers salary increment was thus 50 percent during the year when the share price dived 87 percent.

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