Disaster

Discussion in 'Valeant Pharmaceuticals' started by Anonymous, Jun 11, 2015 at 7:47 PM.

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  1. Anonymous

    Anonymous Guest

    No big deal. It's not like Howard Schiller was all that great.
     
  2. Anonymous

    Anonymous Guest

    At least he could do long division even if he was an ass
     
  3. Anonymous

    Anonymous Guest

    Rosiello Employment Letter

    On June 10, 2015, the Company entered into an employment letter with Mr. Rosiello. The employment letter provides for Mr. Rosiello to commence employment as Executive Vice President on June 11, 2015 and as Executive Vice President, Chief Financial Officer on the Appointment Date. Pursuant to the employment letter, Mr. Rosiello will receive a base salary of $1,000,000, a target annual bonus opportunity of 120% of base salary and a maximum annual bonus opportunity of 240% of base salary. The employment letter also provides for a one-time sign-on bonus of $6,000,000 to be paid on or promptly following the Appointment Date, provided that if Mr. Rosiello’s employment is terminated by the Company for cause or by Mr. Rosiello without good reason (which includes a diminution in responsibility, a reduction in base salary or target bonus opportunity, or the Company’s material breach of a material provision of the letter agreement) within three years following the Appointment Date, Mr. Rosiello must repay a pro-rata portion of such amount based on the portion of such three-year period which has not elapsed as of his termination date.

    The employment letter further provides for the following equity-based grants, effective as of the Appointment Date: (A) 68,000 performance-based restricted share units (“PSUs”) that vest between 0-300% based on meeting certain compound total shareholder return criteria measured approximately three years from the grant date and (B) a further 68,000 PSUs that vest between 0-300% based on meeting certain compound total shareholder return criteria measured approximately five years from the grant date. Such grants will be governed by award agreements which contain terms consistent with the terms customarily provided to other similarly situated executives of the Company
     
  4. Anonymous

    Anonymous Guest

    Maybe he's worth it?!?! LOL