http://www.footnoted.com/my-big-fat-deal/cardinal-health-just-says-no-to-discrimination/ Morningstar's guide to what's hiding in SEC filings Fri, 10 Feb 2012 20:24:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.footnoted.com/my-big-fat-deal/cardinal-health-just-says-no-to-discrimination/comment-page-1/#comment-3423 Jack Tue, 18 Sep 2007 16:48:07 +0000 http://www.footnoted.com/my-big-fat-deal/cardinal-health-just-says-no-to-discrimination/#comment-3423 This reminds me of the guard in The Shawshank Redemption complaining because he inherited $20,000. This reminds me of the guard in The Shawshank Redemption complaining because he inherited $20,000.

]]> http://www.footnoted.com/my-big-fat-deal/cardinal-health-just-says-no-to-discrimination/comment-page-1/#comment-3422 vboscaino Tue, 18 Sep 2007 15:35:12 +0000 http://www.footnoted.com/my-big-fat-deal/cardinal-health-just-says-no-to-discrimination/#comment-3422 Isn't it all a relative comparison? In that if the gross-up is not applied, or the gross-up is applied, everyone will feel a similar impact. Except in a situation whereby the timing of an executives personal decision to execute options creates a variable component within the compensation equation, within a particular period of time. So if the basis is consistently defined, the gross-up really represents nothing more than an added component of compensation, and a "discriminatory" basis never exists. Just another perfect example of those who "have" getting more, while those who don't (think shareholders and employee slaves who don't work in the executive suite) getting stuck paying the tab....... Isn’t it all a relative comparison? In that if the gross-up is not applied, or the gross-up is applied, everyone will feel a similar impact. Except in a situation whereby the timing of an executives personal decision to execute options creates a variable component within the compensation equation, within a particular period of time. So if the basis is consistently defined, the gross-up really represents nothing more than an added component of compensation, and a “discriminatory” basis never exists. Just another perfect example of those who “have” getting more, while those who don’t (think shareholders and employee slaves who don’t work in the executive suite) getting stuck paying the tab…….

]]>