I can understand rewarding him if he turns things around without resorting to bankruptcy, but come on. Giving him a bonus worth nearly 3x his annual salary for taking the easier route and relying on a bounce-back?
I'd like to have sat through the meeting where corporate made this decision. There must be some reasoning I'm not thinking of.
I am actual suprised he gets so little money as the head of a major theme park company. I wonder what the execs at Disney, Busch, and Univesal make. I know 1.3 is alot, but in comparision to others?
It is rather sad that a board would include a clause like that in the contract. The American way I guess.
This is just another addition to some of the recent stupidity of the theme park world. Ridiculous lawsuits, rewarding laziness, and unfair copyright infringement issues. What next?