Shapiro gets 30% raise despite Six Flags' problems
Posted
A filing made Monday with the Securities and Exchange Commission said Mark Shapiro, who took over as president and CEO of Six Flags last December, will be paid $1.3 million next year. His previous employment agreement set Shapiro's salary at $1 million. The new agreement pumps up Shapiro's target bonus to $1.3 million from $1 million, and increases his maximum bonus to $2.6 million instead of 200 percent of his base salary, or $2 million.
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RatherGoodBear
How many Qbots = $300,000?
Oh yeah, they only count if he eats them.
lettuce
Jeff
joefromdowntheroad
RatherGoodBear
Maybe Shapiro's raise is only 0.0002 of the company's debt, but it represents a much higher percentage of the company's revenue, since that will probably be less than a billion this year. In fact, Shapiro's raise and bonus increase will be closer to 0.0009 of Six Flags revenue-- or about one dollar out of every 1111 dollars the company took in this year. That's the INCREASE, and doesn't include his signing bonus of 5 million and his base salary of one million and bonus of 2 million.
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