@cheebdragon They need to hire and pay for a better class of employees. This could be their chance.
@ARE_you_kidding_me That would be great way to introduce kids and adults to technology. It could be inspirational. But that would require someone at the top to do what is right for the future of the company: pay more for employees. Unfortunately I found this.
Here is what they offered to the latest CEO. (the 4th one in 3 years).
“The restricted stock will generally vest on each of the first three anniversaries of the grant date, in increments of one-third of the number of shares granted, provided Mr. Magnacca is employed by the Company on such vesting date. The stock options will generally vest as follows: (a) 375,000 will vest on the second anniversary of the grant date, (b) 375,000 will vest on the third anniversary of the grant date, and© 1,750,000 will vest if the Company’s per share stock price closes at or above $5.00 for 20 consecutive trading days at any time prior to the expiration of the stock options. The stock options expire seven years after the grant date. Vesting of the stock options is dependent on Mr. Magnacca being employed by the Company on the vesting date.”
So all the CEO has to do is make Radio Shack stock (RSH) pop up to $5 for 20 consecutive days and he can cash out. The best way to do that is to close stores and lay off a boatload of employees. The stock almost always pop up in the short run.
Hmmm… maybe I’ll make a Call Option play at a strike price below $5.00. That would piss him off.