What’s the R Stand For?
Try rich! R. Chad Dreir just walked away from the CEO position at Ryland Group with $27 million bucks! Well, actually he has to wait 6 months to get the final $16.4 million of his package. Perhaps Obama should look into some sort of low interest bridge loan for CEO’s that have to wait to get their full package. I mean somehow R. Chad Dreir has to exist on only $8 million for the next 6 months. I can feel his pain although personally, I have never trusted a man who won’t tell me his first name! (Is it just coincidence that he shares his first initial with R. Allen Stanford…what are these guys hiding?)
Of course, old R. defends his pay package as ”fair and square” based on his performance. Let’s see now..Ryland stock is down 52% in the last 12 months, return on equity is down 43% and the insiders haven’t been able to sell the stock fast enough! Imagine what R. would have received if his performance had been good!!
Fair and square? Sorry R., but you’re shitting me!