Meanwhile 497 labor union officers and employees were paid more than $250,000 last year, Laborers' International Union of North America president Terry O'Sullivan was paid $670,403 in 2014. Go drink your own Kool-aid.
So if you add all 497 together do they make as much as this guy?
GoPro s CEO is now the highest paid U.S. executive - Apr. 17 2015
Pretty sure the answer is no.
The answer is: 497 times $250,000 equals $124,250,000 in SALARIES!!! SALARIES! YOU understand the difference between SALARIES and Stock UNITS???
GoPro salary far far less then $124 million!!!
The 39-year-old GoPro(
GPRO) CEO was awarded a package of restricted stock units that at the end of 2014 was valued at an eye-popping $284.5 million.
Technically, Woodman hasn't received all of the stock awards yet. He got them "on paper" in early 2014, but they are paid out monthly over the span of several years, according to filings.
The mega pay day is a reward for turning camera-maker GoPro into a consumer electronics giant that's now worth nearly $6 billion.
Going forward, Woodman will likely receive a
salary of several million dollars, but nothing like his 2014 compensation. It's also key to note that due to his big stake in the company, his wealth goes up when the stock goes up.
Restricted stock units, or RSUs, are a common form of compensation that employees
can't sell until after they vest and certain other conditions are met. Unlike options, RSUs can be exercised at any price once they vest.