Mallinckrodt CEO's pay jumps to $9.7 million

Quote

anonymous

Guest
Mallinckrodt CEO's pay jumps to $9.7 million

By David Nicklaus St. Louis Post-Dispatch

Jan 22, 2016 11:43 AM

Bigger stock and options awards raised Mallinckrodt Chief Executive Mark Trudeau's compensation 50 percent last year to $9.7 million. Mallinckrodt reported Trudeau's pay in a proxy statement filed Friday. His $4.4 million in stock grants and $3 million worth of options were both double the 2014 amounts . Two-thirds of the stock award depends on Mallinckrodt's performance between 2015 and 2017. Trudeau earned a salary of just over $1 million, an increase of 11 percent, and a bonus of $1.05 million, which was 84 percent of the target level. His perquisites included $12,409 worth of financial planning services and $44,758 of tax reimbursements for "business-related additional benefits," including spousal travel to a sales incentive program. Mallinckrodt earned $305.7 million in fiscal 2015, which ended Sept. 25, after posting a loss in 2014. Its share price fell 24 percent during the year. Trudeau's golden parachute, the amount he would receive if he leaves the company after a takeover, amounts to $25.9 million, including $5.8 million in severance and bonus.
 






anonymous said:
Mallinckrodt CEO's pay jumps to $9.7 million

By David Nicklaus St. Louis Post-Dispatch

Jan 22, 2016 11:43 AM

Bigger stock and options awards raised Mallinckrodt Chief Executive Mark Trudeau's compensation 50 percent last year to $9.7 million. Mallinckrodt reported Trudeau's pay in a proxy statement filed Friday. His $4.4 million in stock grants and $3 million worth of options were both double the 2014 amounts . Two-thirds of the stock award depends on Mallinckrodt's performance between 2015 and 2017. Trudeau earned a salary of just over $1 million, an increase of 11 percent, and a bonus of $1.05 million, which was 84 percent of the target level. His perquisites included $12,409 worth of financial planning services and $44,758 of tax reimbursements for "business-related additional benefits," including spousal travel to a sales incentive program. Mallinckrodt earned $305.7 million in fiscal 2015, which ended Sept. 25, after posting a loss in 2014. Its share price fell 24 percent during the year. Trudeau's golden parachute, the amount he would receive if he leaves the company after a takeover, amounts to $25.9 million, including $5.8 million in severance and bonus.
Click to expand...

Man, he is such a dick. I really mean it. I can't say too much, but I did spend some time with this douche. He has zero personality and trust me, doesn't give a shit about a single person at this organization. The fact he was awarded a humanitarian award last year, was unbelievable and for what? This guy is all about making his own money and that's it. It is hard to believe with all the problems Mallinckrodt has had (and there have been major bad decisions made and major problems) and with the stock literally plummeting before our eyes, one would think he would have been fired. Yet they double this idiot's salary? I mean who makes these decisions? Most will never see that kind of money in their lifetime, let alone as an annual pay. What a reminder to everyone that the world is unfair and sometimes idiots like this still make it to the top. Very, very sad commentary.
 






anonymous said:
Mallinckrodt CEO's pay jumps to $9.7 million

By David Nicklaus St. Louis Post-Dispatch

Jan 22, 2016 11:43 AM

Bigger stock and options awards raised Mallinckrodt Chief Executive Mark Trudeau's compensation 50 percent last year to $9.7 million. Mallinckrodt reported Trudeau's pay in a proxy statement filed Friday. His $4.4 million in stock grants and $3 million worth of options were both double the 2014 amounts . Two-thirds of the stock award depends on Mallinckrodt's performance between 2015 and 2017. Trudeau earned a salary of just over $1 million, an increase of 11 percent, and a bonus of $1.05 million, which was 84 percent of the target level. His perquisites included $12,409 worth of financial planning services and $44,758 of tax reimbursements for "business-related additional benefits," including spousal travel to a sales incentive program. Mallinckrodt earned $305.7 million in fiscal 2015, which ended Sept. 25, after posting a loss in 2014. Its share price fell 24 percent during the year. Trudeau's golden parachute, the amount he would receive if he leaves the company after a takeover, amounts to $25.9 million, including $5.8 million in severance and bonus.
Click to expand...

Man, he is such a dick. I really mean it. I can't say too much, but I did spend some time with this douche. He has zero personality and trust me, doesn't give a shit about a single person at this organization. The fact he was awarded a humanitarian award last year, was unbelievable and for what? This guy is all about making his own money and that's it. It is hard to believe with all the problems Mallinckrodt has had (and there have been major bad decisions made and major problems) and with the stock literally plummeting before our eyes, one would think he would have been fired. Yet they double this idiot's salary? I mean who makes these decisions? Most will never see that kind of money in their lifetime, let alone as an annual pay. What a reminder to everyone that the world is unfair and sometimes idiots like this still make it to the top. Very, very sad commentary.
 






Agreed! I'm so sick of looking at that picture of him receiving that award. Is it just me or does he really look like a penis in that pic? Someone should slap a condom on his head!
 






This story can't be true. Please tell me this is a joke! I did think he would be on the chopping block for being such a bad leader. Is there no justice in this world?
 






anonymous said:
This story can't be true. Please tell me this is a joke! I did think he would be on the chopping block for being such a bad leader. Is there no justice in this world?
Click to expand...


Let's see what happens on Feb 2 with earnings. If the earnings are off, between that and the stock performance and the poor decisions he has made with acquisitions Wall Street might start to tire of his sad act!
 






anonymous said:
This story can't be true. Please tell me this is a joke! I did think he would be on the chopping block for being such a bad leader. Is there no justice in this world?
Click to expand...


Let's see what happens on Feb 2 with earnings. If the earnings are off, between that and the stock performance and the poor decisions he has made with acquisitions Wall Street might start to tire of his sad act!
 






You really don't think you will get what really is going on do you? Those numbers they throw out there are all concocted to make them look good. Toss in their imaging business sale and the new exciting products (sarcasm) it's a perfect recipe for these management people.

Wall Street should wise up but its hard for them to see anything.
 






anonymous said:
Mallinckrodt CEO's pay jumps to $9.7 million

By David Nicklaus St. Louis Post-Dispatch

Jan 22, 2016 11:43 AM

Bigger stock and options awards raised Mallinckrodt Chief Executive Mark Trudeau's compensation 50 percent last year to $9.7 million. Mallinckrodt reported Trudeau's pay in a proxy statement filed Friday. His $4.4 million in stock grants and $3 million worth of options were both double the 2014 amounts . Two-thirds of the stock award depends on Mallinckrodt's performance between 2015 and 2017. Trudeau earned a salary of just over $1 million, an increase of 11 percent, and a bonus of $1.05 million, which was 84 percent of the target level. His perquisites included $12,409 worth of financial planning services and $44,758 of tax reimbursements for "business-related additional benefits," including spousal travel to a sales incentive program. Mallinckrodt earned $305.7 million in fiscal 2015, which ended Sept. 25, after posting a loss in 2014. Its share price fell 24 percent during the year. Trudeau's golden parachute, the amount he would receive if he leaves the company after a takeover, amounts to $25.9 million, including $5.8 million in severance and bonus.
Click to expand...
Which is EXACTLY why we should all get up, go to work, and beat our heads against the wall to make MT more money each day. Oh come on, be a team player would you! Work extremely hard and make MNK and MT LOTS of money! (You poor soul won't make any but you will feel good about what you do)
 






anonymous said:
Let's see what happens on Feb 2 with earnings. If the earnings are off, between that and the stock performance and the poor decisions he has made with acquisitions Wall Street might start to tire of his sad act!
Click to expand...

The sad thing is though that with the money this idiot has made over the years, he is golden. Even if he lost his job later this year, he is set. Honestly, this idiot doesn't give two shits about anyone but his own bank account.
 












Top Bottom
Back
Quote