I suppose you don't become a billionaire by giving away your billions! Why are we surprised to be getting a 2.5 raise for top performance? Valiant cares about the bottom line and increasing share value! According to Forbes Mike owns 1.3billikn dollars worth of Valiant stock. That said, do you really think he's gonna give you a fair and respectful merit increase? Nope, if he gives us more there Is less for him!
Forbes
"Valeant is a Wall Street machine and Pearson is paid like a hedge fund manager. His chief financial officer, Howard Schiller, once ran Goldman Sachs’ investment banking business. Pearson’s compensation scheme was put together by board member Mason Morfit, whose ValueAct Capital Management hedge fund is Valeant’s third-biggest shareholder. “We like that long term alignment and that leveraged compensation for performance,” said hedge fund manager Ackman.
Forbes
"Valeant is a Wall Street machine and Pearson is paid like a hedge fund manager. His chief financial officer, Howard Schiller, once ran Goldman Sachs’ investment banking business. Pearson’s compensation scheme was put together by board member Mason Morfit, whose ValueAct Capital Management hedge fund is Valeant’s third-biggest shareholder. “We like that long term alignment and that leveraged compensation for performance,” said hedge fund manager Ackman.
Mike Pearson and his billions
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