Episode Details

Trade Wire - BUY/SELL

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This week the focus is on egregious golden hello and goodbye packages:

State Street’s new CFO John Woods gets a one-time cash payment of $1M and then One-time buy-out awards consisting of $3M cash and $12M equity.

New MongoDB CFO Michael Berry will get two equity grants: a new hire grant worth $9M and a sign-on bonus grant worth $3M. It’s cute how they each have their own name.

Peggy Alford, eBay’s new CFO gets $14M in new hire equity along with about $7M in one-time equity make-good payment equity Again, thanks for naming complicated stuff eBay

Insulet’s new CEO, Ashley McEvoy gets $15M in equity while the former CEO, James Hollingshead, walks away with $8.3M, including outplacement services of $25,000 and a $500 per hour consulting fee for 60 days. So if you see James hanging around a lot in the next few months I think you know why. Not bad for a dude who was CEO for nearly 3 years.

Speaking of getting paid for barely doing anything: retiring Teledyne Technologies CEO Edwin Roks, who has hired less than two years ago, gets to keep his current pay until September as strategic advisor to the Executive Chairman, then he gets $1.8M in cash and a bunch of benefits including $100,000 in outplacement services; $100,000 in relocation costs, and price protection for the sale of his primary California residence to the extent it is sold for a price less than the price he paid for it.

Finally, the Carlisle Companies does the right thing and honors its director retirement policy, saying goodbye to Robin Adams, Robert Bohn and Gregg Ostrander.

PROXY CAGE MATCH

We have a fun twist at the proxy cage match between Harley Davidson and H Partners, who are 9% shareholders and have started a withhold vote campaign against long-tenured directors Jochen Zeitz, Thomas Linebarger, and Sara Levinson: Glass Lewis says “withhold” but ISS says “support”?

Through lackluster reasoning based on hunch